CRR is a requirement by the central bank (RBI in India) that commercial banks must hold a certain percentage of their net demand and time liabilities (NDTL) as reserves in the form of cash with the central bank.
What is CRR?
Asked in WBCS Main Paper 5 2023 · Topic: Money & Banking (Monetary Policy: Objectives, Instruments (quantitative and qualitative), and Transmission Mechanism)
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