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What is Understanding CRR, SLR, and Bank Rates about?
The document defines and explains key monetary policy terms and instruments used by the Reserve Bank of India (RBI), including: - Bank rate is the rate at which RBI lends to commercial banks. Changes in bank rate influence deposit and lending rates. - Cash Reserve Ratio (CRR) is the minimum amount of deposits commercial banks must maintain as reserves with RBI. CRR is used to control liquidity and inflation. - Statutory Liquidity Ratio (SLR) is the minimum liquid assets like cash, gold, government secur
- Author
- Jamessapna Bond
- Language
- EN