Review of SLR holdings in HTM category - আৰবিআই - Reserve Bank of India
Review of SLR holdings in HTM category
RBI/2022-23/21 April 08, 2022 Dear Sir / Madam, Review of SLR holdings in HTM category Please refer to paragraph 4 of Statement on Development and Regulatory Policies of the Monetary Policy Statement, 2022-23 dated April 08, 2022 and Section 6(iv)(a) of Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 dated August 25, 2021. 2. At present, banks have been granted a special dispensation of enhanced Held to Maturity (HTM) limit of 22 per cent of Net Demand and Time Liabilities (NDTL), for Statutory Liquidity Ratio (SLR) eligible securities acquired between September 1, 2020 and March 31, 2022, until March 31, 2023. 3. On a review, it has now been decided to further enhance the existing HTM limit of 22 per cent of NDTL to 23 per cent of NDTL and allow banks to include securities acquired between April 1, 2022 and March 31, 2023 under the enhanced limit of 23 per cent. 4. The enhanced HTM limit of 23 per cent shall be restored to 19.5 percent in a phased manner, beginning from the quarter ending June 30, 2023, i.e. the excess SLR securities acquired by banks during the period September 1, 2020 to March 31, 2023 shall be progressively reduced such that the total SLR securities held in the HTM category as a percentage of the NDTL do not exceed:
All other instructions shall remain unchanged. 5. The relevant sections of the Master Direction are being amended to reflect the aforementioned changes. Applicability 6. This circular is applicable to all Commercial Banks. 7. These instructions shall come into force with immediate effect. Yours faithfully, (Usha Janakiraman) The guidelines have been repealed. Please refer to the Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Commercial Banks) Directions, 2021. |