BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The RBI has prescribed that all SGBs should maintain their SLRs in
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dated securities notified by RBI
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T-bills of Government of India
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state development loans
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All of the above
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Explanation:
Detailed explanation-1: -So banks have to keep 18% (or whatever the statutory liquidity ratio rate is) of their aggregate deposits with the RBI in the form of liquid securities. As opposed to CRR, in the Statutory Liquidity Ratio, the bank does earn some interest from the government security they invest in.
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