Prior to the 2007 amendment to the Reserve Bank of India Act, 1934, Section 24(2A) stipulated a floor of 25% for the Statutory Liquidity Ratio (SLR). The 2007 amendment removed this lower limit (floor).
What was the lower ceiling of Statutory Liquidity Ratio (SLR) which was amended in 2007 by the Government of India ?
Asked in MPPSC CS Prelims 2024 · Topic: Money & Banking (Monetary Policy: Objectives, Instruments (quantitative and qualitative), and Transmission Mechanism)
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