Question
Which out of the following is/are correct regarding Cash Reserve Ratio (CR
- R ? Section 42 of RBI Act, 1934 lays foundation for maintaining CRR by scheduled commercial bank with RBI. Section 24 of the Banking Regulations Act, 1949 provide powers to RBI to levy CRR on banks As of Feb 2021, CRR is 3 per cent of NDTL
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