Appeal No.11198 of 2024 (Arising out of S.L.P. (C) No. 8968 of 2018) Civil Appeal No.11199 of 2024 (Arising out of S.L.P. (C) No. 24841 of 2019) and Civil Appeal No. 4755 of 2023 (Arising out of S.L.P. (C) No. 16299 of 2023) J U D G M E N T ABHAY S. OKA, J. Leave granted in the Special Leave Petitions. 1. FACTUAL ASPECTS 2. The main issue in this group of appeals is about the treatment to be given to broken period interest. The question is whether a deduction of the broken period interest can be claimed. We must provide a brief background of how the issue arises. 3. A Scheduled Bank is governed by the provisions of the Banking Regulation Act, 1949 (for short, “the 1949 Act”). The 1949 Act, read with the guidelines of the Reserve Bank of India (for short, ‘RBI’), requires Banks to purchase government securities to maintain the Statutory Liquidity Ratio (for short, ‘SLR’). The guidelines dated 16th October 2000 issued by the RBI categorise the government securities Civil Appeal