In fact based on an internal study, we find that on aggregate basis the banks are in a position to maintain LCR of around 80 per cent (as against the current requirement of 60 per cent) with the present carve-out of 7 per cent of SLR which is permitted to be reckoned as Level 1 HQLA (Chart 3).
We have already announced the reduction of SLR by 1 percent over four quarters. I must point out here that any further request for reduction in SLR has to be mixed with caution as it could be a self-defeating one in the short run at least.