What changed
RBI decided to indicate the SLR status of Government of India and State Government securities in the press release at the time of issuance. An updated list of SLR securities will be maintained on the RBI website under the 'Database on Indian Economy' link.
What it means for you
UCBs can now easily verify the SLR eligibility of government securities through official RBI channels, reducing ambiguity in statutory liquidity ratio compliance. This transparency helps banks in accurate SLR maintenance and investment planning.
What you must do
- Check the RBI press release for SLR status when subscribing to new government securities.
- Refer to the 'Database on Indian Economy' link on RBI's website for the updated list of SLR securities.
- Ensure your treasury team uses these sources to validate SLR eligibility before including securities in statutory liquidity ratio calculations.
Who it affects
Primary (Urban) Cooperative Banks, Treasury departments of UCBs, Compliance officers handling SLR requirements
Where can we find the updated list of SLR securities?
The list is posted on the RBI website under the link 'Database on Indian Economy'.
Does this circular apply to all government securities?
Yes, it applies to securities issued by the Government of India and State Governments.
When is the SLR status disclosed for a new security?
The SLR status is indicated in the press release issued by RBI at the time of issuance of the security.