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#1
18th December 2012, 08:44 PM
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Why RBI keeps CRR from bank?
why rbi keeps CRR from bank?..could u please give me the details for the same
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#2
28th November 2014, 06:04 PM
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Re: Why RBI keeps CRR from bank?
CRR is credit reserve ration. It is the amount of funds, which every bank have to keep with RBI, generally it is 4-5% of total capital of Bank.
It is a regulation of RBI , to keep the financial system robust against bankruptcy, economic recession. It is a kind of protection RBI assures citizens, maintaining that their saving are safe . In case of any failure, RBI repays all account holders their money in case of discrepancy out of this fund. |
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