Multiple choice

To ensure that the banks are maintaining SLR, RBI calls for a monthly return from banks, which is to be submitted by banks within ____ of close of the month.

  1. 7 days

  2. 10 days

  3. 15 days

  4. 20 days
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

For ensuring compliance with the provisions, a banking company shall furnish to RBI, not later than 20 days after the close of the month, a monthly return, showing particulars of its Liquid Assets maintained and its Demand and Time Liabilities at close of business of each alternate Friday during the month.

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