In India, the Statutory Liquidity Ratio (SLR) is maintained by individual banks. Each bank is responsible for maintaining a certain percentage of their Net Demand and Time Liabilities (NDTL) in the form of specified liquid assets like cash, gold, government securities, etc., as mandated by the Reserve Bank of India (RBI). The RBI sets the SLR requirement as part of its monetary policy framework to ensure liquidity and stability in the banking system. Banks are required to regularly report their SLR compliance to the RBI.