Wednesday, June 25, 2014

Maharashtra will urge Arun Jaitley to withdraw RBI notification

.................... “We have decided to meet Mr Jaitley very soon. It is mandatory for the apex bank (Maharashtra State Cooperative Bank) to maintain a statutory liquidity ratio (SLR) up to 22.5 per cent. The RBI has specified that the apex bank will invest the SLR amount in government securities.” It is feared that the notification will have an adverse impact on liquidity of the apex bank and DC banks, affecting crop loans..........

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