.....While following the debate on CRR abolition, an idea came to ones mind as to what would be the medium- to long-term impact on the banking structure if SLR (Statutory Liquidity Ratio) is abolished........
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Such sporadic thoughts should be welcomed. The idea of even substantial reduction in SLR requirements may send shock waves through the spines of government finance managers in Delhi as North Block will have to be further dependent on Mint Road. This is not an insurmountable problem. Issue is throwing up in the air another dimension to the handling of SLR at a time some negotiations are under way to link maintenance of SLR with capital adequacy needs, there could be negative implications to the bargain. But, let us be proud. Freedom of thought and expression is the only thing we are carrying forward and therefore: aa no bhadrah kratavo yantu vishatah (Let noble thoughts come from all sides)
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