Banking Regulation Act Sec 24 & 25

ALOKE KUMAR BARDHAN (Querist) 10 September 2009 This query is : Resolved
The banking Regulation (Amendment) ordinance 2007 has ommitted sub section (1) and (2) of Sec 24 of BR Act. Thus, ascheduled bank's SLR is capped at 40% of DTL to be calculated on afortnightly basis.
On the other hand, SEc 25 states that on a quarterly basis, a bank should keep assets in india, in Cash. Gold or unencumbered approved securities at 75% of DTL.
this appears to be contradictory to me. may be I have understood it wrong. My question is, when 40% is the cap, how 75% of DTL id expected to be maintained on a quaterly basis ?
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Gulshan Tanwar (Expert) 14 January 2011
No one answered the query, pity!!! I am not having time these days will be back to LCI after sometime and then only can answer the same.

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