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Cash Management Bills now SLR-eligible securities

Current · Source: Reserve Bank of India · RBI/2009-10/139 · issued 01 Sep 2009 · ~1 min read
Quick answerRBI has classified Cash Management Bills as Government of India Treasury Bills under SLR rules, making them eligible for statutory liquidity ratio compliance by scheduled commercial banks (excluding RRBs).

What changed

RBI issued a notification on September 1, 2009, clarifying that Cash Management Bills issued by the Government of India will be treated as Treasury Bills under clause (c)(ii) of the earlier notification dated February 13, 2008. This means these bills are now explicitly included as SLR securities for scheduled commercial banks.

What it means for you

Banks can now count Cash Management Bills towards their SLR requirements, providing an additional instrument for liquidity management. This expands the pool of eligible securities, potentially easing SLR compliance and offering more flexibility in asset-liability management.

What you must do

Who it affects

All Scheduled Commercial Banks (excluding Regional Rural Banks), Treasury departments, Compliance and risk management teams

❓ Common questions

Are Cash Management Bills treated differently from other Treasury Bills for SLR?

No, they are treated as Government of India Treasury Bills under the same SLR rules, so they qualify as SLR securities just like other Treasury Bills.

Does this notification apply to Regional Rural Banks?

No, the notification explicitly excludes Regional Rural Banks from its scope.

📜 Read the original circular — full text as issued by RBI
RBI/2009-10/139 Ref: DBOD.No.Ret.BC.36/12.02.001/2009-10 September 01, 2009 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 24 of the Banking Regulation Act, 1949 Maintenance of Statutory Liquidity Ratio (SLR) Please refer to the Reserve Bank Press Release: 2009-2010/227 dated August 10, 2009 on the issuance of Government of India Cash Management Bills. We advise that the proposed cash management bill will be treated as Government of India Treasury Bills under clause (c) (ii) of the Notification DBOD.No.Ret.BC.61/12.02.001/2007-08 dated February 13, 2008 and accordingly shall be treated as SLR securities. Yours faithfully (P. K. Mahapatra) General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2009-10/139 · issued 01 Sep 2009. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
💻 IT / Systems
  • Update internal SLR compliance systems to include Cash Management Bills as eligible securities.
📜 Compliance
  • Review investment policies to consider Cash Management Bills for SLR portfolio allocation.
  • Train treasury and compliance teams on the new eligibility for accurate reporting.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template

Example: if you are an IT/Systems lead at a bank this circular applies to (All Scheduled Commercial Banks (excluding Regional Rural Banks), Treasury departments, Compliance and risk management teams), your first concrete step on “Cash Management Bills now SLR-eligible securities” is: “Update internal SLR compliance systems to include Cash Management Bills as eligible securities.” (RBI issued this 01 Sep 2009).

  1. Circular: RBI/2009-10/139 -- Cash Management Bills now SLR-eligible securities
  2. Issued: 01 Sep 2009
  3. Action required: Update internal SLR compliance systems to include Cash Management Bills as eligible securities.
  4. Action required: Review investment policies to consider Cash Management Bills for SLR portfolio allocation.
  5. Action required: Train treasury and compliance teams on the new eligibility for accurate reporting.
  6. Owner: ____________ Target date: ____________
  7. Board/committee approval needed? Y / N
  8. Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.

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BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=5245&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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