Question

Define Cash Reserve Ratio.

Answer 1

$<b><i><a>$hey mate here is your answer

CASH RESERVE RATIO is a certain minimum amount of deposit that the commercial banks have to hold as reserves with the central bank. Cash reserve ratio is a set according to the guidelines of the central bank of the contry..

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Answer 2

Answer:

Cash reserve ratio( CRR) is a certain percentage of deposit that the commercial banks need to maintain with the central bank( Reserve Bank of India).

The main purpose of this is to ensure that commercial banks do not face any shortage of funds while paying back their depositors. The current CRR ratio is set at 4℅.