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May 2017

CRR and SLR Rate Applicable for May 2017 Exams – ICAI

CRR and SLR for May 2017 Exams - ICAI

As per the Recent RTP for May 2017 Examinations, ICAI provide the CRR and SLR rate applicable for the upcoming Examination.

The said SLR and CRR rates will be applicable for IPCC paper 5 Advance Accounts Banking Questions.

Maintenance of Statutory Reserve Ratio (SLR) for ICAI May 2017 Exams:

  • 20.50%

Maintenance of Cash Reserve Ratio (CRR) for ICAI May 2017 Exams:

  • 4.00% of their Net Demand and Time Liabilities.

As per ICAI:

Maintenance of Statutory Liquidity Ratio (SLR)

In exercise of the powers conferred by sub-section (2A) of Section 24 read with Section 51 and Section 56 of the Banking Regulation Act, 1949 (10 of 1949) and in partial modification of the Notification DBR.No.Ret.BC.63/12.01.001/2015-16 dated December 10, 2015, the Reserve Bank hereby specifies that: (i) with effect from the dates given below, every scheduled commercial bank, local area bank, primary co-operative bank, state co-operative bank and central cooperative bank shall maintain in India assets (hereinafter referred to as ‘SLR assets’) the value of which shall not, at the close of business on any day, be less than:

  • (a) 20.75 per cent from October 1, 2016; and
  • (b) 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

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

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