Module: | Priority Sector, Consumer Protection & Digital Lending
Q77: Regarding the reporting of Statutory Liquidity Ratio (SLR), consider the following:
1. Banks must submit Form VIII to the RBI.
2. The return is submitted on a monthly basis, not fortnightly.
3. The return indicates the position of assets maintained under Section 24 of the BR Act.
2. The return is submitted on a monthly basis, not fortnightly.
3. The return indicates the position of assets maintained under Section 24 of the BR Act.
✅ Correct Answer: B
The correct answer is B. Statement 1 is correct: Banks are statutorily required to submit their Statutory Liquidity Ratio (SLR) compliance report using Form VIII.
Statement 3 is correct: This return specifically indicates the position of liquid assets maintained to satisfy the requirements under Section 24 of the Banking Regulation Act, 1949.
Statement 2 is incorrect because the SLR return is not submitted on a monthly basis.
Just like the CRR return (Form A), the SLR return (Form VIII) must be submitted on a fortnightly basis.
Specifically, it must be submitted to the RBI within 20 days from the end of the relevant reporting fortnight.
Statement 3 is correct: This return specifically indicates the position of liquid assets maintained to satisfy the requirements under Section 24 of the Banking Regulation Act, 1949.
Statement 2 is incorrect because the SLR return is not submitted on a monthly basis.
Just like the CRR return (Form A), the SLR return (Form VIII) must be submitted on a fortnightly basis.
Specifically, it must be submitted to the RBI within 20 days from the end of the relevant reporting fortnight.