Question

Every non-scheduled bank has to maintain a cash reserve of atleast……of its demand and time liabilities in India ​

Answer 1

Explanation:

Act, 1949 (AACS), every bank (scheduled and non-scheduled), is required to maintain, on daily basis, liquid assets, the amount of which shall not be less than 25 per cent or such other percentage not exceeding 40 per cent, as may be notified by RBI, of its demand and time liabilities in India as on the last Friday of ...