Current CRR (Cash Reserve Ratio)
On January 29, 2013, RBI announced to reduce the cash reserve ratio (CRR) of scheduled banks by 25 basis points from 4.25 per cent to 4.0 per cent of their net demand and time liabilities (NDTL). This rate is effective from the fortnight beginning February 9, 2013. The objective of this move is to inject primary liquidity of around Rs. 180 billion into the banking system.
What is CRR?
The Cash Reserve Ratio is the amount of funds that the banks are bound to keep with Reserve Bank of India, with reference to the demand and time liabilities (NDTL) to ensure the liquidity and solvency of the Banks. Please note that earlier RBI was empowered to fix RBI between 3-20% by notification. However, from 2006 onwards the RBI is empowered to fix the CRR on its discretion without any ceiling. The CRR is maintained fortnightly average basis.
kanika
August 19, 2011 at 1:46 amthanx again
khirabdi
November 21, 2011 at 9:08 pmthis is very good for bank exam
MANISH
December 18, 2011 at 2:11 pmI AM IMPRESS THIS SITE I LOVE IT
bven
January 21, 2012 at 10:21 amI LOVE THIS SITE.. ITS AWESOME!!
Santosh
January 25, 2012 at 8:37 pmvery gud ….this is updated today ..
Ranjan
January 31, 2012 at 3:36 pmvery useful site for competative no necessary any gk books or any materials
ALOK KUMAR JOSHI
January 31, 2012 at 10:15 pmThis site is master in current affairs.So i love it very much.
saugata
March 10, 2012 at 10:12 amCRR is reduced to 4.75% on 09.03.2012
vijay
March 13, 2012 at 3:12 pmits a fentastic job .its wonderfull
shivangi
March 13, 2012 at 4:24 pmthank u..
Sabyasamal
March 19, 2012 at 10:46 pmThank you,I am happy that you are takin pain to updae regularly by looking at 4.75% of CRR
kanchan
April 3, 2012 at 12:55 pmits very gud thank u
saheb
April 15, 2012 at 10:28 amvery usefull
ranju rajbongshi
April 25, 2012 at 4:34 pmTHANK YOU, IT’S REALLY REALLY VERY HELPFUL FOR MY BANK INTERVIEW
neeraj
May 20, 2012 at 3:50 pmthis is really awesome site, without it i can not achieve what i desire…..
PRASAD
July 28, 2012 at 4:13 pmtoday i saw this site it’s too……………………………. excellent & wonderful & a very helpful site to everyone HATSOFF TO THIS SITE(PRASAD)
Amit
July 31, 2012 at 6:55 pmuseful 4 me…thankxxx
yog
August 11, 2012 at 10:55 amthis web site helps me lot,
thank you so much to all of you.
umar lal
August 15, 2012 at 12:55 amsir, why u not post quiz on ssc and bank ibps for last some time and also some material not updated?
sharanayya
October 20, 2012 at 10:40 ambest of all gk website
ankit jain
November 6, 2012 at 12:40 pmthank you so much all of you
A Kom
November 8, 2012 at 7:39 pmSimply..The Best of the Best…!!!
Ritika
December 4, 2012 at 12:42 pmBest one of all gk website……….
parvinder
December 4, 2012 at 8:34 pmBEST SITE 4 D BANK ASPPIRANTS
Ravi.
December 6, 2012 at 11:00 pmRealy its helpfull all compitative asperents.thanks.
Deepjoy
January 22, 2013 at 2:32 pmThanks.
SRINIVAAS
January 23, 2013 at 12:47 pmwhich are the TOP institutions for banking coaching in AP Pls refer me ? who are good in GK ENGLISH BANKING AND FINANCE SUBJECTS
Babi ganguly
January 23, 2013 at 1:03 pmbest side for all type of gk. i am aspirant for gk gi & english for coming Assitant exam of LIC HFL dt 17 th feb 2013 pls help me with mentioned criteria
anish
January 26, 2013 at 7:12 amwhy CRR giving to RBI, thank u
anuradha
January 28, 2013 at 7:51 pmi love it
Dhananjay singh
March 17, 2013 at 9:36 amThanku so much fr updating all current knowledge
Illangi Babu
June 18, 2013 at 8:47 amDear GKToday team,
Thank you very much for your wonderful efforts.
Please update the following sentence:
Please Note that earlier RBI was empowered to fix CRR (but not RBI as is there in sentence)between 3-20% by the notification.
Thank you.
divya hegde
January 14, 2015 at 12:41 pmvery thankful to you i searching the meaning & current rates of SLR & CRR
Mouna ganapathi
June 23, 2015 at 5:55 amThat was very useful, but I was looking for a reason as to why is the rate 4% and not more or less. On what basis is the rate fixed?