Shielding banks with the antiquated 'statutory liquidity ratio' only breeds complacency, abolish it

In light of India's ambitious growth targets, there is a compelling appeal for RBI Governor Sanjay Malhotra to rethink the relevance of the Statutory Liquidity Ratio (SLR). This antiquated rule compels financial institutions to allocate a significant portion of their resources to government debt, limiting their ability to invest in entrepreneurial ventures and other productive domains.