Who fixes statutory liquidity ratio?

The statutory liquidity ratio (SLR) is fixed by the central bank of a country. In India, for example, the Reserve Bank of India (RBI) determines the SLR as part of its monetary policy to ensure that commercial banks maintain a certain percentage of their net demand and time liabilities in the form of liquid assets. This regulation helps ensure the solvency and liquidity of banks while also controlling credit growth in the economy.