banks would be allowed for reckoning for slr purpose, up to march 31, 2017. 12. at present, all dccbs, barring a few, are maintaining their slr assets in the form of time / fixed deposits with the respective state cooperative banks. therefore, dccbs lack experience and expertise in making investments in government securities. with a view to familiarizing dccbs with the basics of investment in government securities, viz. opening of sgl / csgl accounts, non - competitive bidding, selection of securities / intermediaries, price discovery, valuation, etc., it was decided to conduct orientation programmes at our regional offices for the benefit of all the dccbs. going forward, the knowledge gained from investment operations in government securities will help these banks set up a dynamic treasury department in each head office and facilitate effective funds management and asset - liability management and improve their profitability. i express my sincere thanks to nabard and idmd for coming forward to extend faculty support for conducting the orientation programmes. i hope this training would help the participants in understanding the basics of investment in government securities and carry out their investment operations with more confidence. my best wishes for the success of the training programme bis central bankers ’ speeches

banks from the fortnight beginning july 12, 2014. 10. rbi is now vested with powers to prescribe the form and manner of liquid assets to be maintained for slr purpose. the practice followed by the cooperative banks for maintenance of slr assets was reviewed and in the interest of banking policy and with a view to safeguarding the funds of the depositors, it was decided that the cooperative banks should maintain slr assets in government securities as is the case with commercial banks. accordingly, stcbs / dccbs were advised vide our circular of june 5, 2014 to shift their slr funds to government securities by march 31, 2015. salient features of the changes announced in our circular of june 5, 2014 are as follows : ( a ) crr for stcbs / dccbs increased from 3 % to 4 % of their total demand and time liabilities ; ( b ) slr brought down from 25 % to 22. 5 % of their total demand and time liabilities ; ( c ) crr / slr for stcbs / dccbs will move in tandem with those for commercial banks in future. ( d ) the manner of maintaining slr assets by stcbs / dccbs has been brought on par with commercial banks ; ( e ) stcbs / dccbs were given time till march 31, 2015 to start maintaining slr assets as per the revised procedure ; ( f ) stcbs / dccbs were be permitted to reckon their term deposits maintained with public sector banks and idbi bank ltd. as slr assets till march 31, 2015, in addition to the slr assets maintained as fixed / term deposits with the apex banks, in order to ensure smooth switch - over to the revised procedure. 11. as the revised instructions on slr will require expertise in treasury management, rbi decided to calibrate the process. accordingly, a road - map for phased implementation of the new dispensation has been provided vide our circular of july 21, 2014 advising the banks to meet investments in government securities as per the following timeline : bis central bankers ’ speeches investment in government securities as % of ndtl date by march 31, 2015 – 5 % by march 31, 2016 – 10 % by march 31, 2017 – 22. 5 % or the slr as may be prescribed by rbi on that date in the interim period, term deposits maintained by stcbs and dccbs with public sector