What is Capital redumtion Reserve ( CRR )?

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What is Capital redumtion Reserve ( CRR )?..

Answer / priyank kaushik

A reserve fund into which profits are allocated for the
purpose of redeeming or buying back shares in the company.

Is This Answer Correct ?    5 Yes 0 No

What is Capital redumtion Reserve ( CRR )?..

Answer / vijayranga

CRR referes not capital Redumption Reserve

it is Cash Reserve Ration,
Which a bank should maintain its deposits wit hthe RBI
for the safe custody for public.

Is This Answer Correct ?    4 Yes 4 No

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