Economy, asked by Yashigautam, 1 year ago

What is CRR ? In economics banking

Answers

Answered by brainlystargirl

Heya....

See here for your answer...

==========

CRR refers to the Cash Reserve Ratio ...

Meaning...

It's the % over the total deposit money in bank that must keep by rules of RBI...

It is 4% in India....RBI fixed it and all commercial bank kept this to meet with their credit requirements...

In case of excess demand it increase to stop credit capicity of bank and vice versa...

Thank you

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Answered by ItzMissRoyalPriyanka

Answer:

Heya....

See here for your answer...

CRR refers to the Cash Reserve Ratio...

Meaning...

It's the % over the total deposit money in bank that must keep by rules of RBI...

It is 4% in India....RBI fixed it and all

commercial bank kept this to meet with

their credit requirements...

In case of excess demand it increase to stop credit capicity of bank and vice versa...

Thank you

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