1 Answers
RaviRavi Staff answered 2 months ago

SLR Rates Applied on Demand & Time Liabilities of Bank (That meas various deposits and other money kept at bank). RBI further clarifies what should be included and excluded. 
One of the exclusion is following
Amounts received in Indian currency against import bills and held in sundry deposits pending receipts of final rates. (Such money is not returnable hence not liability)
Further explanation
Indian Importer deposits Rs 80,00,000 in his business account so that he can make payment of 1,00,000 euro to foreign supplier but final rates of exchange to be applied are not yet decided so money is lying idle in bank account, such amount will not be treated as DTL as this money wont be given back to indian importer

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