7%
The current cash reserve ratio (CRR) in India set by the RBI is 5% as on 21st august, 2009.
Cash reserve ratio...This is stipulated % of deposits that the bank has to maintain in Cash with RBI.Current CRR =5.5%
the current CRR ratio of 2011 is 6%.
5%
Canada India
Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.
cash reserve ratio
Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.
When the Reserve Bank of India (RBI) lowers the Cash Reserve Ratio (CRR), banks are required to hold less cash in reserve against their deposits, allowing them to lend more money. This increase in liquidity can stimulate economic activity by encouraging borrowing and spending. It may also lead to lower interest rates, making loans more affordable for consumers and businesses. However, if done excessively, it could raise concerns about inflation and financial stability.
As on 19th aug, 09 CRR is 5% and SLR is 24% You can get the latest CRR and SLR from http://www.rbi.org.in/home.aspx
You can find information on a cash reserve ratio when you go to the websites of BanKingawareness, mrunal, AllBankingSolutions, as well as wikinvest, etc.
A cash reserve ratio (or CRR) is the percentage of bank reserves to deposits and notes. The cash reserve ratio is also known as the cash asset ratio or liquidity ratio. India's central bank ordered commercial banks to hold a larger share of deposits in cash, and raised a key short-term lending rate in a bid to curb high inflation that has stoked fears of overheating. The reserve ratio is sometimes used as a tool in monetary policy, influencing the country's economy, borrowing, and interest rates . However, Central banks rarely alter the reserve requirements due to the fact that it would cause immediate liquidity problems for banks with low excess reserves.