Informist, Thursday, Dec 8, 2022
MUMBAI – The Reserve Bank of India today said the held-to-maturity limit for government securities eligible under statutory liquidity ratio would be reduced from 23% to 19.5% in a phased manner, beginning from the quarter ending June 2024.
Banks have to progressively reduce their SLR holdings in the held-to-maturity category to a maximum of 22% as on Jun 30, 2024, 21% as on Sep 30, 2024, 20% as on Dec 31, 2024, and 19.5% as on Mar 31, 2025 of their net demand and time liabilities.
In April, the central bank had increased the limit under the held-to-maturity category to 23% of deposits from 22%. On Wednesday, it extended the dispensation for a year from the previous deadline on Mar 31, 2023.
Banks will be allowed to include securities acquired between Sep 1, 2020 and Mar 31, 2024 in the enhanced held-to-maturity limit, the RBI said on Wednesday.
"To provide further flexibility to banks in managing their investment portfolios, it has been decided to extend the dispensation of enhanced HTM (held-to-maturity) limit of 23% up to March 31, 2024," Governor Shaktikanta Das said at the outcome of the Monetary Policy Committee meeting on Wednesday.
Today, the yield on the 10-year benchmark 7.26%, 2032 bond rose 2 basis points to 7.29%. End
US$1 = 82.42 rupees
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Kabir Sharma
Edited by Avishek Dutta
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
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Informist, Thursday, Dec 8, 2022
MUMBAI – The Reserve Bank of India today said the held-to-maturity limit for government securities eligible under statutory liquidity ratio would be reduced from 23% to 19.5% in a phased manner, beginning from the quarter ending June 2024.
Banks have to progressively reduce their SLR holdings in the held-to-maturity category to a maximum of 22% as on Jun 30, 2024, 21% as on Sep 30, 2024, 20% as on Dec 31, 2024, and 19.5% as on Mar 31, 2025 of their net demand and time liabilities.
In April, the central bank had increased the limit under the held-to-maturity category to 23% of deposits from 22%. On Wednesday, it extended the dispensation for a year from the previous deadline on Mar 31, 2023.
Banks will be allowed to include securities acquired between Sep 1, 2020 and Mar 31, 2024 in the enhanced held-to-maturity limit, the RBI said on Wednesday.
"To provide further flexibility to banks in managing their investment portfolios, it has been decided to extend the dispensation of enhanced HTM (held-to-maturity) limit of 23% up to March 31, 2024," Governor Shaktikanta Das said at the outcome of the Monetary Policy Committee meeting on Wednesday.
Today, the yield on the 10-year benchmark 7.26%, 2032 bond rose 2 basis points to 7.29%. End
US$1 = 82.42 rupees
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Kabir Sharma
Edited by Avishek Dutta
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2022. All rights reserved.