what is LRR and CRR?
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Answer:
According to Banking LRR means Legal Reservation ratio
CRR mean Cash reserve ratio
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LRR IS THE LEGAL RESERVE RATIO OR THE RATIO FOR KEEPING A PART OF ITS TOTAL FINANCIAL COLLECTION WITH THE COMMERCIAL BANK ITSELF.
LRR HAS TWO PARTS CRR N SRR. CRR OR CASH RESERVE RATIO IS THE PART OF MONEY OF LRR TO BE KEPT WITH CENTRAL BANK.
Or
CRR is the cash reserve ratio and LRR is the legal reserve ratio. LRR has 2 parts one CRR and SLR ie statuitary liquidity ratio . the minimum fraction that commercial bank keeps with the central bank from the deposit as cash is known as LRR. the part that is to be kept with the central bank is known as CRR.
LRR HAS TWO PARTS CRR N SRR. CRR OR CASH RESERVE RATIO IS THE PART OF MONEY OF LRR TO BE KEPT WITH CENTRAL BANK.
Or
CRR is the cash reserve ratio and LRR is the legal reserve ratio. LRR has 2 parts one CRR and SLR ie statuitary liquidity ratio . the minimum fraction that commercial bank keeps with the central bank from the deposit as cash is known as LRR. the part that is to be kept with the central bank is known as CRR.
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