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what is CRR ? define the sutiable example.
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- State Bank Of India SBI, I also Faced
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Answer / shinoj.k.s.
The reserve requirements (or cash reserve ratio) is a
central bank regulation that sets the minimum reserves each
bank must hold to customer deposits and notes. It would
normally be in the form of fiat currency stored in a bank
vault (vault cash), or with a central bank.
The reserve ratio is sometimes used as a tool in the
monetary policy, influencing the country's economy,
borrowing, and interest rates.[3] Western central banks
rarely alter the reserve requirements because it would
cause immediate liquidity problems for banks with low
excess reserves; they prefer to use open market operations
to implement their monetary policy. The People's Bank of
China uses changes in reserve requirements as an inflation-
fighting tool,[4] and raised the reserve requirement nine
times in 2007. As of 2006 the required reserve ratio in the
United States was 10% on transaction deposits (component of
money supply "M1"), and zero on time deposits and all other
deposits.
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Hi.. Did any of the candidates selected for sbm, karnataka receive appointment letter????
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Hi Frnds This is garima, iam selected in Union bank of india clerical written exam, My interview is scheduled on 18th of May 2010. Is any body der whos also selected fr the same. Iam frm Mumbai. Any idea abt the panel,how many members wud be thr,wt kind of questions dey ask. Thanks
SCALE OF PAY: 4410-215/3-5055-335/3-6060-470/4-7940-500/3- 9440-560/4-11680-970/ 1-12650-560/1-13210/// HAI THOSE WHO ALL SELECTED FOR ASSOCIATE BANKS OF SBI, please explain me the above pay scale.. i couldnt understand that...any one who knows about this please reply... Now iam already working for Rs.8500/month in a research project for a temporary basis.. will it be fine for me to continue here itself or go to the clerk job that i got in SBM, Tamilnadu.. Iam confused, please guide me and give your suggestions.... my id is somethingnew43@yahoomail.com
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POs 
