Thursday, February 12, 2015
by
Indian Real Estate News
SLR
1 SLR is expressed as a percentage of the net demand and time liabilities (NDTL) of a bank reduced by a technically computed netting amount.
2 SLR has to be maintained in the form of gold, cash or approved securities notified by RBI such as central and state government bonds.
3 SLR is held in approved assets and is not available to the bank for making loans or investing in securities markets or other bonds.
4 RBI stipulates the SLR that has to be maintained by banks. It cut SLR by 50 bps to 21.5% in the latest monetary policy.
5 Banks have to report to RBI every alternate Friday their SLR maintenance, and pay penalties for failing to maintain SLR as mandated.
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4.DSP BlackRock Tax Saver Fund
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6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
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