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As of October 2023, the Cash Reserve Ratio (CRR) set by the Central Bank of Nigeria (CBN) is 32.5%. This ratio mandates that commercial banks must hold a percentage of their total deposits as reserves with the CBN. The CRR is a key monetary policy tool used to control liquidity and stabilize the economy. For the most accurate and updated information, it is advisable to check the CBN's official announcements or website.
What else can I help you with?
What is current cash reserve ratio?
The current cash reserve ratio (CRR) in India set by the RBI is 5% as on 21st august, 2009.
What is current cash reserve ratio in 2011?
the current CRR ratio of 2011 is 6%.
What is the current Cash Reserve Ratio in India?
7%
What is the current cash reserve ratio in Pakistan?
5%
What is current CRR in INDIA?
Cash reserve ratio...This is stipulated % of deposits that the bank has to maintain in Cash with RBI.Current CRR =5.5%
Formula for calculating cash debosit ratio?
cash reserve ratio
What is current cash reserve ratio and SLR ratio?
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
Where can one find information on a cash reserve ratio?
You can find information on a cash reserve ratio when you go to the websites of BanKingawareness, mrunal, AllBankingSolutions, as well as wikinvest, etc.
What country was introduced the cash reserve ratio?
Canada India
What are the types of liquidity ratios?
1) Statutory Liquid Ratio 2) Cash Reserve Ratio
What is ment by CRR?
CRR MEANS CASH RESERVE RATIO IS A DECLINE IN THE LIQUIDITY OF A ECONOMY THIS IS CREDIT RESERVE RATION IN WHICH A COMMERCIAL BANK HAVE MAINTAIN A PERCANGE OF BALANCE WITH RBI CRR MEANS CASH RESERVE RATIO IS A DECLINE IN THE LIQUIDITY OF A ECONOMY
Declaring cash dividends effect on current ratio?
decrease current ratio
