Under the provisions of section ................ of the Banking Regulation Act, the SLR is applicable to scheduled banks.
24
The Statutory Liquidity Ratio (SLR) requires banks to maintain a prescribed percentage of their net demand and time liabilities in liquid assets such as cash, gold and approved securities.
It is prescribed under Sec. 24 of the Banking Regulation Act, 1949, and applies to all scheduled and non-scheduled banks. The CRR, in contrast, is governed by the Reserve Bank of India Act, 1934.
Hence, the answer is 24.
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