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Chronology of SLR Rate in India (History of SLR Rates)

 

            History of Statutory Liquidity Ratio  Rates in India / Historical Rates of Statutory Liquidity Ratio Rates in India

 

Date SLR to be maintained (in %) RBI Refernece Details 16-Mar-1949 20.00   16-Sep-1964 25.00   5-Feb-1970 26.00   24-Apr-1970 27.00   28-Aug-1970 28.00   4-Aug-1972 29.00   17-Nov-1972 30.00   8-Dec-1973 32.00   1-Jul-1974 33.00   1-Dec-1978 34.00   25-Sep-1981 34.50   30-Oct-1981 35.00   28-Jul-1984 35.50   1-Sep-1984 36.00   8-Jun-1985 36.50   6-Jul-1985 37.00   25-Apr-1987 37.50   2-Jan-1988 38.00   22-Sep-1990 38.50   29-Feb-1992 38.50 SLR on net DTL as on April 3, 1992.In addition there was 30%  SLR on the increase in net DTL over April 3, 1992 level. 9-Jan-1993 38.25 SLR on net DTL as on April 3, 1992. 6-Feb-1993 38.00 SLR on net DTL as on April 3, 1992. 6-Mar-1993 37.75 SLR on net DTL as on April 3, 1992. 21-Aug-1993 37.50 SLR on net DTL as on April 3, 1992. 18-Sep-1993 37.25 SLR on net DTL as on April 3, 1992. 16-Oct-1993 34.75 SLR on net DTL as on September 17, 1993.In addition there was 25%  SLR on the increase in net DTL over September 17, 1993  level 20-Aug-1994 34.25 SLR on net DTL as on September 17, 1993. 17-Sep-1994 33.75 SLR on net DTL as on September 17, 1993. 29-Oct-1994 31.50 SLR on net DTL as on September 30,1994. In addition there was 25%  SLR on the increase in net DTL over September 30, 1994 level. 25-Oct-1997 25.00   8-Nov-2008 24.00   7-Nov-2009 25.00 RBI/2009-10/195 DBOD.Ret.BC. 51/12.02.001/2009-10 dated 28/10/2009 18-Dec.-2010 24.00 Announced on 16/12/2010 Mid-Quarter Monetary Policy Review: December 2010 11th August, 2012 23.00 Policy Review : Announced on 31/07/2012 at the time First Quarter Review of Monetary Policy of 2012-13 14th June, 2014  22.50 Second Bi-monthly Monetary Policy Statement for the year 2014-15 announced on 3rd June, 2014 9th August, 2014   22.00  Third  Bi-monthly Monetary Policy Statement for the year 2014-15 announced on 5th August, 2014

 

Till March 29, 1985 the banks were required to maintain statutory liquidity ratio as a prescribed proportion of gross DTL as on every Friday in the following week on daily basis. Thereafter, it is maintained daily on a fortnightly basis as a prescribed portion of net DTL as on last Friday of second preceding fortnight.  The data pertains only to domestic deposits.

What is SLR? Every bank is required to maintain at the close of business every day, a minimum proportion of their Net Demand and Time Liabilities as liquid assets in the form of cash, gold and un-encumbered approved securities. The ratio of liquid assets to demand and time liabilities is known as Statutory Liquidity Ratio (SLR). Present SLR is 24%. (reduced w.e.f. 8/11/208,  from earlier 25%) RBI is empowered to increase this ratio up to 40%.  An increase in SLR  also restrict the bank’s leverage position to pump more money into the economy.

 

 

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   →Current / Latest Rates of CRR, SLR, Bank Rate, Repo and Reverse Repo Rates As per RBI in India

   →Chronology of Marginal Standing Facility / History of Marginal Standing Facility

   →Chronology of Bank Rate in India  / History of Bank Rate

   →Chronology of SLR Rates in India / History of Statutory Liquidity Ratio Rates in India

   → Chronology of CRR Rates in India / History of Cash Reserve Rates in India

   → Chronology of Repo Rates / History of Repo Rates in India

   → Chronology of Reverse Repo Rates in India / History of Reverse Repo Rates in India