What portion of deposits are kept by the banks for their day to day transaction?
(b) 15%
(c) 20%
(d) 25%
(a) 10 %
Answers
Answered by
7
Answer:
This minimum ratio (that is the part of the total deposits to be held as cash) is stipulated by the RBI and is known as the CRR or Cash Reserve Ratio. When a bank's deposits increase by Rs 100, and if the cash reserve ratio is 9%, the banks will have to hold Rs.
Explanation:
15%
Answered by
8
Answer:
15% of Bank deposit is kept ad cash reserve for daily transaction in Indian bank
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