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What is a CRR rate?
Fri Jun 25 03:58:14 2010
views: 313 | Comments: 1
 murari image By Murari
Member since:Jun 25, 2010 03:08:42
 

Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the banks.

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Comments:1
Madanme
Madanme  Fri Jun 25 08:29:23 2010

This is good post
 
 
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