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What is CRR ? How it Works?

Question Posted / saurabh

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What is CRR ? How it Works?..

Answer / jitender

CRR MEANS CASH RESERVE RATIO

It refers to keeping a portion of net demand and time liabilities (NDTL) of banks with the central banks (In India it’s Reserve Bank of India, RBI). Central bank fixes this percentage of NDTL. Central bank can change this percentage as a monetary measure to control the availability of funds in the economy i.e. to inject liquidity or to suck liquidity. RBI doesn’t pay any interest on such funds held with it.

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What is CRR ? How it Works?..

Answer / saurabh

See Cash Reserve Ratio.

Is This Answer Correct ?    6 Yes 2 No

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