A- A A+
Last Updated : Dec 14 2018 11:09PM     Screen Reader Access
News Highlights
Jaitley rules out JPC on Rafale deal; says it protects country's security and commercial interests            SC dismisses petitions seeking court-monitored probe into Rafale deal            Ashok Gehlot to be new Rajasthan CM; Sachin Pilot deputy CM            PM Modi says, his govt launched several connectivity projects for development of southern India            Noted English writer Amitav Ghosh honoured with Jnanpith Award           

Business News

Dec 05, 2018
, 
9:14PM

RBI says that it will reduce the statutory liquidity ratio by 0.25 percent every quarter beginning January next year

File Pic
The Reserve Bank today said that it will reduce the statutory liquidity ratio by 0.25 percent every quarter beginning January next year.

Statutory Liquidity Ratio - SLR - is the portion of funds which banks are required to maintain in the form of cash, gold reserves, the government approved securities before providing credit to the customers.

In a statement, RBI said the reduction will continue until it reaches 18 per cent from the current 19.5 percent. The move is likely to release funds locked in government securities and add to lendable liquidity.

In order to improve liquidity management by banks, RBI has said that it will release the CRR figure of banks to market participants on the very next day.

Currently, the cash reserve ratio balance of banks is disclosed with a lag of 2-3 days, while the details of the currency in circulation are being released with a lag of one 

Live Twitter Feed

Listen News

Morning News 14 (Dec) Midday News 14 (Dec) News at Nine 14 (Dec) Hourly 14 (Dec) (2300hrs)
समाचार प्रभात 14 (Dec) दोपहर समाचार 14 (Dec) समाचार संध्या 14 (Dec) प्रति घंटा समाचार 14 (Dec) (2200hrs)
Khabarnama (Mor) 14 (Dec) Khabrein(Day) 14 (Dec) Khabrein(Eve) 14 (Dec)
Aaj Savere 14 (Dec) Parikrama 14 (Dec) Lok Ruchi Samachar 9 (Dec)

 Read News

Listen Programs

Market Mantra 14 (Dec) Samayki 14 (Dec) Sports Scan 14 (Dec) Spotlight/News Analysis 14 (Dec)
    Public Speak Country wide 13 (Dec) Surkhiyon Mein 13 (Dec) Charcha Ka Vishai Ha 12 (Dec) Vaad-Samvaad 4 (Dec) Money Talk 4 (Dec) Current Affairs 14 (Dec)

 

 

 

 

× All donations towards the Prime Minister's National Relief Fund(PMNRF) and the National Defence Fund(NDF) are notified for 100% deduction from taxable income under Section 80G of the Income Tax Act,1961""