Economy, asked by mishraavinash804, 11 months ago

what CRR in banking system

Answers

Answered by ismartnani

Explanation:

CRR is a cash reserve ratio and SLR is statutory liquidity ratio. Under CRR a certain percentage of the total bankdeposits has to be kept in the current account with RBI which means banksdo not have access to that much amount for any economic activity or commercial activity

Answered by kathermaideen

Answer:

CRR is a cash reserve ratio and SLR is statutory liquidity ratio. Under CRR a certain percentage of the total bank deposits has to be kept in the current account with RBI which means banks do not have access to that much amount for any economic activity or commercial activity.

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