Some Points related to BANKS and NBFCs

1. CRR and SLR is maintained by Scheduled Commercial Banks. CRR and SLR is
maintained by Cooperative banks also but the requirement is less. NBFCs which don’t
accept deposit are not required to maintain CRR and SLR.

2. Deposit taking NBFCs are required to maintain liquid assets like. securities (15% of
public deposits)

3. Non-scheduled banks are also required to maintain CRR (either with themselves or
RBI or State Govt.) and SLR as per the Banking Regulation Act 1949.

4. Small Finance Banks are required to maintain CRR and SLR.

5. Payment banks are required to maintain CRR. They need to invest minimum 75% in
govt securities (SLR) and rest 25% they can deposit with other banks.

6. Priority Sector Lending norms is applicable to scheduled commercial banks (including

RRB and Small Finance Banks) and Urban Cooperative Banks. RRB and Small
Finance Banks need to give 75% under PSL.

7. PCA is applicable to commercial banks only and not to cooperative banks and NBFCs.

8. Basel norms is applicable to scheduled commercial banks (except RRBs and Small
Finance Banks) and not to NBFCs. NBFCs are required to maintain 15% capital
adequacy ratio.

9. Domestic Systemically Important are Banks and NBFCs both

10. The PCA framework is applicable only to commercial banks and not extended to co-
operative banks and non-banking financial companies (NBFCs).

11. IBC code 2016 is not applicable to Banks and financial institutions.