What is statutory liquid ratio?
SLR stands for Statutory Liquidity Ratio.
Statutory Liquidity Ratio is the amount of liquid assets, such
as cash, precious metals or other approved securities, that a
financial institution must maintain as reserves other than the Cash
with the Central Bank. The statutory liquidity ratio is a term most
commonly used in India.
Related Q&A：
What is statutory corporation？Oh boy, a statutory corporation is like a special kind of organization that's created by law. It has specific rules and regulations set by the government. These corporations often operate in areas that are important for the public, like utilities or transportation. They have certain powers and responsibilities given to them by the law. They're not your typical private companies. They exist to serve a particular purpose and are subject to a lot of oversight and legal requirements. It's kind of a big deal and can have a significant impact on people's lives.
