Meaning and definition of cash reserve ratio
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Definition: Cash Reserve Ratio (CRR) is a certain minimum amount of deposit that the commercial banks have to hold as reserves with the central bank. ... Description: We can say that CRR is a tool used by a central bank to control liquidity in the banking system.
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Cash Reserve Ratio is a proportion of the total deposits and reserves of the commercial banks that is to be kept with the central bank (RBI) in liquid form.
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