Explain quantitative credit control measures of RBI.
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During Requirement phase in the SDLC, the business analyst will sit down with the users to identify their needs and constraints on the desired system. The systems specifications is produced once all the problems are resolved. The Systems Specifications becomes the blueprint for developing the system. a) Requirements elicitation and analysis usually involve different kinds of people in an organization. Everyone has some direct or indirect influence on the system requirements hence it is a difficult process. Explain in your own words why elicitation and analysis is a difficult process?
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The Cash Reserve Ratio (CRR) is an effective instrument of credit control. Under the RBl Act of, l934 every commercial bank has to keep certain minimum cash reserves with RBI. The RBI is empowered to vary the CRR between 3% and 15%. A high CRR reduces the cash for lending and a low CRR increases the cash for lending.
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