What is CRR ? In economics banking
Answers
Answered by
31
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
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
0
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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