Consider the following statements about Statutory Liquidity Ratio (SLR):
- SLR is maintained as per the Banking Regulation Act 1949 while CRR is maintained as per RBI Act 1934.
- It is the minimum percentage of deposits (ie. Net Demand and Time Liabilities (NDTL)) that a commercial bank must keep with itself.
- Cash Management Bills, Treasury Bills, Dated Securities, and State Development Loans (SDL), all are considered SLR securities.
Which of the above-mentioned statement/s is/are correct?
1
Only 1
2
Both 1 and 2
3
Both 2 and 3
4
All of the above