Consider the following statements, with reference to the 'Statutory Liquidity Ratio (SLR)' maintained by Scheduled Commercial Banks:
1. It is maintained as per the RBI Act 1934.
2. It is the minimum percentage of deposits that a commercial bank must keep with RBI.
3. Cash Management Bills, Treasury Bills, Dated Securities and State Development Loans (SDL), all are considered SLR securities
Which of the above statement is/are correct?
1
1 only
2
3 only
3
1 and 2 only
4
1, 2 and 3