JUMBLE WORD "CHAS ERVESER ITROA" CLUE Commercial banks are required to keep certain percentage of totaldeposits in central bank as reserve
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Your answer is CASH RESERVE RATIO
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'CHAS ERVESER ITROA'-- "CASH RESERVE RATIO."
The cash balance that is to be maintained by scheduled banks with the RBI should not be less than 4% of the total NDTL, which is the Net Demand and Time Liabilities. This is done on a fortnightly basis. NDTL refers to the total demand and time liabilities (deposits) that are held by the banks
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