LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Banking Regulation Act Sec 24 & 25

(Querist) 10 September 2009 This query is : Resolved 
The banking Regulation (Amendment) ordinance 2007 has ommitted sub section (1) and (2) of Sec 24 of BR Act. Thus, ascheduled bank's SLR is capped at 40% of DTL to be calculated on afortnightly basis.
On the other hand, SEc 25 states that on a quarterly basis, a bank should keep assets in india, in Cash. Gold or unencumbered approved securities at 75% of DTL.
this appears to be contradictory to me. may be I have understood it wrong. My question is, when 40% is the cap, how 75% of DTL id expected to be maintained on a quaterly basis ?
riven
Gulshan Tanwar (Expert) 14 January 2011
No one answered the query, pity!!! I am not having time these days will be back to LCI after sometime and then only can answer the same.


You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :