As per the latest rtp,crr is reduced to 4.75% or smthing but we were taught that we have to consider crr as 10%,so plz tell me abt. the applicability of crr rate in ipcc group 2accounts in nov.2012.
thank you.
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Ipcc accounts group2
Replies (3)
Dear Rahul Joshi,
Cash Reserve Ratio (CRR) - 4.75% (wef 10/03/2012) -announced on 24/01/2012 Statutory Liquidity Ratio (SLR) - 23%(w.e.f. 11/08/2012) (announced on 31/07/2012) Repo Rate under LAF - 8.00% (w.e.f. 17/04/2012) Reverse Repo Rate under LAF - 7.00% (w.e.f. 17/04/2012)
Regards,
RAJESH CHOUDHARY
so these are applicable or still we have to use the same rate of 10 and 25% rate ?
10 & 25 RATE WILL BE APPLICABLE FOR YOUR EXAM ACCORDING TO ME.
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