RBI Exempts Specific FCNR (B) Deposits from CRR and SLR Maintenance Requirements
This regulatory relaxation applies to both newly mobilized deposits and those renewed upon maturity starting from the amendment's effective date up to September 30, 2026.
This directive follows the 'Reserve Bank of India (Commercial Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Second Amendment Directions, 2026'.
Exam Perspective: Understanding reserve requirements like CRR and SLR and their temporary exemptions is fundamental for banking sector aspirants preparing for monetary policy concepts.
Key Facts / Static GK
SLR (Statutory Liquidity Ratio) Definition: The share of NDTL that banks must maintain in safe liquid assets like government securities.
Practice Quiz — 5 June 2026
Q1. Consider the following statements regarding the recent United Nations Security Council (UNSC) elections: 1. Austria, Kyrgyzstan, Portugal, Trinidad and Tobago, and Zimbabwe have been elected as non-permanent members. 2. Their two-year term will commence on 1 January 2027. 3. They will replace members including Denmark, Greece, and Pakistan. Which of the statements given above are correct?
Q2. What is the maximum subsidy amount provided to households for installing a rooftop solar system of 3 kW or more under the PM Surya Ghar: Muft Bijli Yojana?
Q3. With reference to Flex-Fuel Vehicles (FFVs) in India, consider the following statements: 1. They can operate on fuel blends ranging from E20 to E100. 2. The country's first flex-fuel passenger car is developed by Maruti Suzuki. Which of the statement(s) is/are correct?
Q4. Which central ministry has launched 'Mission Senehjori' to transform Assam's Muga Silk into a global luxury brand?
Q5. The Critical Minerals Global Supply Chain Observatory (GSCO) was recently established as a joint bilateral initiative between India and which other country?
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