Question

Which of the following statements is true for CRR and SLR?

Q: Answer-Which of the following statements is true for CRR and SLR?

Cash Reserve Ratio CRR The average daily balance that a bank is required to maintain with the Reserve Bank as a share of such per cent of its Net demand and time liabilities NDTL that the Reserve Bank may notify from time to time in the Gazette of India. Statutory Liquidity Ratio SLR The share of NDTL that a bank is required to maintain in safe and liquid assets, such as, unencumbered government securities, cash and gold.