Cash Reserve Ratio refers to the fraction of the total Net Demand and Time Liabilities (NDTL) of a Scheduled Commercial Bank held in India, that it has to maintain as cash deposit with the Reserve Bank of India (RBI). The requirement applies uniformly to all banks in the country irrespective of an individual bank’s financial situation or size. Traditionally, the amount held to cater to the CRR requirement was stipulated to be no lower than 3 percent and no higher than 20 percent of the total NDTL held in India. However, the RBI (amendment) Act, 2006 provides for removal of the floor and ceiling with respect to setting the CRR and authorizes the RBI to set the ratio in keeping with the broad objective of maintaining monetary stability in the economy.
How much collateral free loan can be provided under PM SavNidhi Scheme?
Following are the types of foreign direct investment EXCEPT
As per World Cooperative Monitor, IFFCO is the no. 1 cooperative in the world. Who launched the WCM?
The ratio of a firm’s property, plant, and equipment, net of accumulated depreciation, to its annual depreciation expense is an estimate of:
What was the purpose of the MoU signed between DAHD and UNDP?
Recently RBI has imposed a monetary penalty on which financial institution for not complying with directions issued on ATM deployment targets?
DuPont analysis is:
DICGC is wholly owned subsidiary of which of the following organization ?
Recently in August 2022, how much loan was sanctioned from Emergency Credit Line Guarantee Scheme?
What percentage did Indian startup funding decrease by in 2023 compared to 2022, according to data from Tracxn?