what is cash reserve ratio?
Answers
Answered by
2
banks always keep some part of the total amount deposited as cash reserve to meet the needs of the depositers.that part of the total deposits which the bank keep with itself in the cash form is cash reserve ratio.
Answered by
0
Answer:
The percentage of cash required to be kept in reserves, vis-a-vis a bank's total deposits, is called the Cash Reserve Ratio. The cash reserve is either stored in the bank's vault or is sent to the RBI. Banks do not get any interest on the money that is with the RBI under the CRR requirements.
Similar questions