The latest data released by the RBI recently reveals that 30, 66 % of the incremental demand and time deposits that amounts to Rs 25,596 cr were invested in statutory liquidity ratio (SLR) instruments, which consist of government and other approved securities.
In the last fortnight of October last year that was just after the global credit crisis, SLR investment had contracted through the banks had mobilized more than Rs 27,000 cr through demand and time deposits.
In recent few weeks the SLR portfolio of banking system has increased to somewhat 28.9% as against what was in October as only 25.8%.
In contrast, by end of Jan 2009, year-on-year credit growth was estimated to be at 19.3% as against 29.8% during the fortnight ended November 28 last year.
The following is the bank investment in MF instruments:
Oct 2008 – Rs 4,506 cr
Nov 2008 – Rs 11,521 cr
Dec 2008 – Rs 10,718 cr
Jan 2009 – Rs 23,855 cr
---This post is sponsored by Levi's Men's 550 Relaxed Fit Jean
, Knowledge Herald & Masterpiece Oil Painting
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