What is Cash Reserve Ratio of RBI
The cash reserve ratio of banks is: Choose the right option: 1. Percent of bank deposits kept by banks with RBI 2. Percent of reserves in the balance sheet to total liabilities 3. Percent of cash in balance sheet to total assets 4. percent of cash reserves in treasury vault
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  • Cash Reserve Ratio (CRR) is a certain minimum amount of deposit that the commercial banks have to hold as reserves with the central bank. CRR is set according to the guidelines of the central bank of a country.

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