Question

define the term CRR ??​

Answer 1

Answer:

Cash Reserve Ratio (CRR) is the amount of funds that banks have to maintain with the Reserve Bank of India (RBI) at all times. If the central bank decides to increase the CRR, the amount available with the banks for disbursal comes down. The RBI uses the CRR to drain out excessive money from the system.

Answer 2

Answer:

Cash reserve ratio is the certain minimum amount of deposits that banks have to hold as reserve with the Central bank