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Answer / dharmesh sati
Cash reserve Ratio (CRR) is the amount of funds that the
banks have to keep with RBI. If RBI decides to increase the
percent of this, the available amount with the banks comes
down. RBI is using this method (increase of CRR rate), to
drain out the excessive money from the banks.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / pradeep dhakal
Cash Reserve Ration. It is the amount that bank/FIs should
keep in Central Bank to ensure the shareholders equity
| Is This Answer Correct ? | 1 Yes | 2 No |
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