📝 One-liners · 51 cards
Functions of Central Banks
Statute — CRR / SLR?
CRR: Sec. 42(1) RBI Act, 1934; SLR: Sec. 24 BR Act, 1949
Maintained with — CRR / SLR?
CRR: RBI (in cash); SLR: Bank itself (cash, gold, approved securities)
Earns interest? — CRR / SLR?
CRR: No (since 31 Mar 2007); SLR: Yes (on G-Sec component)
Current rate (Jun 2026) — CRR / SLR?
CRR: 3.00% of NDTL; SLR: 18.00% of NDTL
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