what do u mean by CRR?
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Answer / beena joshi
CRR stands for cash reserve ratio. This step is taken by
RBI to suck excess liquidity from the bank. The amount
which banks have to pay to RBI is of their
Time and Demand Depoist.
Time Depoist - refers amount kept in forming of saving
account of customers.
Demand Depoist - refers amount kept in form of fixed
depoist of customers.
It means if bank is having Rs.400000 in total of saving
account and 500000 of fixed deposit and crr is 7.5% it will
have to pay rbi Rs.67500.
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / pavan kumar .g
crr means cash reserv ratio....it is % that every commercial
bank has to keep with rbi....generally rbi increases crr to
control excess flow of liquidity in banks and also to
control inflation..present value(on july 2010)6%.......
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shweta
it means either cash reserve ratio or capital redemption reserve
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / divya
crr (cash reserve ratio) is the ratio of a bank’s time and demand liabilities to be kept in reserve with the RBI. A high CRR reduces the flow of money in the economy and is used to control inflation. A low CRR increases the flow of money and is used to overcome recession.
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Answer / aradhya
CRR is a means of cash reserve ratio where the banks will colect and keep the cash tranctions daily
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Answer / salimpasha
RR referes to the ratio of Bank's cash reserve balance
with RBI with reference to the Bank's net demand and time
liabilities to ensure the liqudity and solvency of the
scheduled banks.
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / mrutyunjaya
According to accounting...."CRR" means .........."CAPITAL
REDEMPTION RESERVE"
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / p.v.prasannakumar
company's view CRR means CAPITAL REDUMPTION FUND
BANKS VIEW CASH RESERVE RATIO
| Is This Answer Correct ? | 2 Yes | 4 No |
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