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Nov 2017

CRR and SLR Rate Applicable for Nov 2016 Examinations

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CRR and SLR Rates Applicable for November, 2016 Examination

These rates will be required for IPCC students in advanced accounts Banking Chapter.

Maintenance of Statutory Liquidity Ratio (SLR)

As per Notification No. DBR.No.Ret.BC.64/12.01.001/2015-16 dated December 10, 2015, the SLR of Scheduled Commercial Banks, Local Area Banks, primary (Urban) co-operative banks (UCBs), state co-operative banks and central co-operative banks from 21.5 per cent of their Net Demand and Time Liabilities (NDTL) to:

21.25 per cent from April 2, 2016;

21.00 per cent from July 9, 2016;
20.75 per cent from October 1, 2016; and

20.50 per cent from January 7, 2017

of their total net demand and time liabilities in India as on the last Friday of the second preceding fortnight, valued in accordance with the method of valuation specified by the Reserve Bank from time to time.

Students may note that SLR of 21.25% SLR is applicable for November, 2016 exam.

Maintenance of Cash Reserve Ratio (CRR)

Reserve Bank of India has decided to reduce the Cash Reserve Ratio (CRR) of Scheduled Commercial Banks by 25 basis points from 4.25 per cent to 4.00 per cent of their Net Demand and Time Liabilities (NDTL) with effect from the fortnight beginning February 09, 2013 vide circular DBOD.No.Ret.BC.76/ 12.01.001/2012-13 dated January 29, 2013. The Local Area Banks shall also maintain CRR at 3.00 per cent of its net demand and time liabilities up to February 08, 2013 and 4.00 per cent of its net demand and time liabilities from the fortnight beginning from February 09, 2013.

Students may note that CRR of 4.00 %  is applicable for November, 2016 exam.

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