Can anyone tell me that what is the current rate of bank rate policy, CRR, SLR ?
I am appearing for ca cpt on june 2009 . Plz help?
Suheel Ahmed
(STUDENT)
(49 Points)
Replied 04 June 2009
Current rate of Bank rate policy
CRR : 5.00%
SLR : 24.0%
Mohan Verma
(Assistant Manager - Finance & Accounts)
(4328 Points)
Replied 04 June 2009
hi suheel
nitish is asking about what is the current rate of bank rate policy, CRR, SLR ?
not the % of CRR AND SLR
Mohan Verma
(Assistant Manager - Finance & Accounts)
(4328 Points)
Replied 04 June 2009
CRR (Cash Reserve Ratio) means the minimum percentage of a Bank's total deposits required to be kept with the central Bank.
e.g. If the minimum reserve ratio is 10% and total deposits of a certain bank is Rs. 100 crore, it will have to keep Rs. 10 crore with the central Bank.If the minimum reserve ratio is raised to 20% the bank will have to keep Rs. 20 crore with the central bank.
Mohan Verma
(Assistant Manager - Finance & Accounts)
(4328 Points)
Replied 04 June 2009
SLR (Statutory Liquidity Ratio) means, every bank is required to maintain a fixed percentage of its assets in the form of cash or other liquid assets.
It is the amount which a bank has to maintain in the form:
Mohan Verma
(Assistant Manager - Finance & Accounts)
(4328 Points)
Replied 04 June 2009
The objectives of SLR are:
Mohan Verma
(Assistant Manager - Finance & Accounts)
(4328 Points)
Replied 04 June 2009
The cash reserve ratio is also known as the cash asset ratio or liquidity ratio.
Suheel Ahmed
(STUDENT)
(49 Points)
Replied 04 June 2009
sorry, i was not read question correctly.
thanks, for findout my mistake
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