Banks in India have to achieve C.A. Ratio of
A)9%
B)15%
C)5%
D)10%

Question

Quizplus · Accepted Answer

The Cash Reserve Ratio (CRR) requirement for banks in India is set by the Reserve Bank of India (RBI) to regulate the amount of funds that banks must keep in reserve with the RBI. As of my last update, the CRR is 4%, but historically, it has been around 4% to 6%. The options provided do not accurately reflect the current or typical CRR rates. However, if we consider the context of maintaining a certain percentage of reserves, none of the options directly match the typical CRR rates. The question might be referring to a different ratio or has provided incorrect options. It's important to check the latest RBI guidelines for the most accurate and up-to-date requirements.

Banks in India Have to Achieve C