BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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According to Banking Regulation Act, RBI can fix SLR upto the ceiling of____
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40%
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50%
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60%
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75%
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Explanation:
Detailed explanation-1: -The current ceiling is 19.5 percent of NDTL. Provided that banks may exceed the ceiling upto an overall limit of 23 per cent of NDTL (instead of 19.5 per cent) till March 31, 2024, provided such excess is on account of SLR securities acquired between September 1, 2020 and March 31, 2024.
Detailed explanation-2: -The maximum limit of SLR is 40% and minimum limit of SLR is 0 In India, Reserve Bank of India always determines the percentage of SLR. There are some statutory requirements for temporarily placing the money in government bonds. Following this requirement, Reserve Bank of India fixes the level of SLR.
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