The banks portifolio of the petrolium bonds or long term infrastructure or housing bonds can be treated on par with slr , so that the cash is not idle and also contributes to growth of the nation and profitability of the banks. But in case of liquidity the bank should be able to sell these instruments in the open market in times of cash crunch. so what we need is a bond market that is liquid and easily settled just like what NSE or BSE do to equities.