According to Banking Regulation Act, 1949, all banks have to maintain equal to and not less than 25% of their total deposits in the form of cash, gold and government approved securities. This is known as
A. Cash reserve ratio
B. Statutory liquidity ratio
C. Reverse repo rate
D. Repo rate
Answer:B
According to Banking Regulation Act, 1949, all banks have to maintain equal to and not less than 25% of their total deposits in the form of cash, gold and government approved securities. This is known as
A. Cash reserve ratio B. Statutory liquidity ratio C. Reverse repo rate D. Repo rate