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.
RAHUL JOSHI (Doing articleship) (229 Points)
11 September 2012As 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.
CS RAJESH C.CHOUDHARY
(ASSISTANT MANAGER)
(14607 Points)
Replied 11 September 2012
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
RAHUL JOSHI
(Doing articleship)
(229 Points)
Replied 12 September 2012
so these are applicable or still we have to use the same rate of 10 and 25% rate ?
CS RAJESH C.CHOUDHARY
(ASSISTANT MANAGER)
(14607 Points)
Replied 12 September 2012
10 & 25 RATE WILL BE APPLICABLE FOR YOUR EXAM ACCORDING TO ME.
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