SLR is 21% and it is confirmed

Dear Readers,

For few days, many students have been asking for clarification on the SLR. Friends, we would like to share an important piece of information that went unnoticed. This article was published in Economic Times and clearly mentioned the future decline in SLR.

The following would be the steps while reducing the SLR.

  • According to the new time table SLR would be reduced to by 25 basis points to 21.25% as on April 2, 2016.
  • It would fall to 21% by July 9, 2016.
  • It would further be lowered from October 1, 2016 to 20.75%.
  • The RBI said that the last round of reduction in the SLR would be one 20.50% by January 1, 2017.

Before examination, you need to be careful with the data as it will be changing automatically.

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