what is cash reserve ratio
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Answer Cash Reserve Ratio or CRR is the minimum amount as specified by the Central Bank, to be maintained by the Commercial banks of the public deposits with the Central Bank.
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Explanation:
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. This means that the commercial bank will be able to use only Rs 91 for investments and/or lending or credit purpose
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