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.
The Madhya Pradesh government’s ‘Brindavan Gram’ scheme primarily focuses on promoting:
What has become the top risk on the radar for Indian organizations, according to PwC's 2023 Global Risk Survey?
Which is/are the correct statement/statements about the Abel Prize?
I. This prize is awarded by “The Norwegian Academy of Science and Lette...
When is 'World Radio Day' celebrated globally?
The Ajanta Cave Paintings are a testimony to the golden age of ______ in India.
The fifth session of the United Nations Environment Assembly (UNEA-5.2) took place online and in Nairobi. The overall theme for UNEA-5 was _______________.
The Reserve Bank of India (RBI) has approved the amalgamation of Akola Merchant Co-operative Bank Ltd, located in Akola, Maharashtra, with The Jalgaon P...
Which organization recently released a new guideline on protecting children from the harmful impact of food marketing?
Which book won the Best Book on Cinema award at the 70th National Film Awards?
What is the proposed increase in the minimum amount for offering non-callable term deposits (TDs) based on the recent announcement by RBI?