help me please
This query is : Resolved
naina singh
(Querist)
31 March 2008
what is SLR? what is CRR?
CA. Amit Daga
(Expert)
31 March 2008
SLR IS Statutory Liquidity Ratio
CRR is Capital Reserve Ratio
CRR is Capital Reserve Ratio
CA. Amit Daga
(Expert)
31 March 2008
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.
31 March 2008
Also CRR & SLR keeps on changing. So, one has to be updated with this.
Currentrates:
CRR - 7.5%
SLR - 25.00%
Currentrates:
CRR - 7.5%
SLR - 25.00%
31 March 2008
THE EXPERTS ARE CORRECT
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