In which year Statutory Liquidity Ratio was first imposed on banks?
Q. In which year Statutory Liquidity Ratio was first imposed on banks?
Answer: 1949
Notes: Statutory Liquidity Ratio or SLR is a minimum percentage of deposits that a commercial bank has to maintain in the form of liquid cash, gold or other securities. It is determined by the Reserve Bank of India as per the provisions of Banking Regulation Act 1949. SLR cannot be more than 18%.