What is CRR and LRR ?
Answers
here is your answer mate....
CRR: Cash Reserve Ratio
CRR stands for Cash Reserve Ratio. It refers to the cash that banks have to maintain with the Reserve Bank of India (RBI). It is a certain percentage of the total cash held by a bank.CRR keeps changing from time to time. RBI decides the CRR and accordingly banks have to keep a certain percentage of their deposits with RBI.
and
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Explanation:
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