what is the sum rate of SLR and CRR?
Answers
Answered by
2
Answer:
Cash Reserve Ratio (CRR) 3%
Bank Rate 4.25%
Statutory Liquidity Ratio (SLR) 18.00%
Explanation:
total is 21%
Answered by
1
Answer:
This minimum percentage is called Statutory Liquidity Ratio. Example: If you deposit Rs. 100/- in bank, CRR being 9% and SLR being 11%, then bank can use 100-9-11= Rs.
Similar questions