Advanced accounting
This query is : Resolved
15 April 2013
Sir please tell me what is the rate of Cash reserve ratio & rate of provision to be made in sub standard assets (Unsecured Portion ) & Statutory Liquidity Ratio Applicable For May 2013
28 May 2013
cash reserve ratio (CRR)
Definition
The percentage of a bank's total monetary holdings that must be kept on hand in the form of actual currency. Under fractional-reserve banking, a bank may lend out any money deposited there, but must maintain on site the amount mandated by the cash reserve ratio.
cash reserve ratio (CRR)
Definition
The percentage of a bank's total monetary holdings that must be kept on hand in the form of actual currency. Under fractional-reserve banking, a bank may lend out any money deposited there, but must maintain on site the amount mandated by the cash reserve ratio.
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