Poonawalla fincorps
Poonawalla fincorps

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.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries