Friday, December 11, 2015

RBI CUTS SLR

RBI has announced a new time table wherein 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 says that the last round of reduction in the SLR would be one 20.50% by January 1, 2017. 


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