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what is slr, crr, bank rate, repo rate, reverse repo rate?
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Answer Posted / karthika ayyappan
SLR: SLR is Statutory liquidity ratio. It is a part of
deposits that commercial banks are supposed to maintain with
themselves in liquid form ( Cash, Gold or Govt bonds).
(Current SLR: 25%)
CRR: CRR is Cash Reserve Ratio. It is a percentage of Bank
deposits that Commercial banks are supposed to maintain in
cash form with RBI. It is the monetary control tool to
regulate the money supply of the country.
(Current CRR: 6.00%)
Bank rate:Bank rate is the rate of interest which RBI
charges on the loans and advances that it extends to
commercial banks and other financial institutions.
(Current Bank rate : 6 %)
Repo Rate: Repo rate is the discount rate at which RBI
repurchases govt securities from the commercial banks,
depending on the level of money supply it decides to
maintain in the country's monetary system.
(Current Repo rate: 5.25%)
Reverse Repo rate: Reverse Repo rate is the rate at which
RBI borrows money from banks. Banks are always happy to lend
money to RBI since their money are in safe hands with a good
interest.
(Current Reverse Repo rate: 3.75%)
| Is This Answer Correct ? | 23 Yes | 9 No |
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