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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 %)
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

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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Chronology of Bank Rate in India / History of Bank Rate

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

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