Pratip Chaudhuri, chairman, State Bank of India, said that a cut in the Cash Reserve Ratio would serve better than a repo rate cut to bring down lending rates.
What does CRR stand for?
CRR stands for Cash Reserve Ratio
This definition appears very frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of CRR
We have 198 other meanings of CRR in our Acronym Attic
- Calandre Rétro Rouennaise (French automobile club)
- Call Return Rate
- Campaign for Renters' Rights (Oakland, CA)
- Candidate Referral Roster
- Capacity-Related Reliability
- Carbo Ceramics Inc (stock symbol)
- Carcass Return Rate
- Career and Recovery Resources, Inc. (Houston, TX; est. 1945)
- Cargo Release Request (shipping)
- Case Reconciliation Review
- Cemal Resit Rey (Turkish concert hall)
- Center for Radiation Research
- Center for Radiological Research
- Center for Renewable Resources
- Center for Reproductive Rights
- Center for Retirement Research (Boston College)
- Central Readiness Regiment (Japan)
- Centre de Recherche Routière (French: Central Road Research; Belgium)
- Centre for Refugee Research (Australia)
- Centre for Remanufacturing & Reuse (UK)
Samples in periodicals archive:
The RBI unexpectedly also reduced the cash reserve ratio (CRR), the share of deposits banks must keep with the central bank by 25 bps to 4.
Mumbai: Borrowers can now look forward to their equated monthly instalments (EMIs) coming down soon as leading bankers Tuesday said they will pass on the benefit of Reserve Bank of India reducing its short-term lending rate and cash reserve ratio to customers.
The bank cut the cash reserve ratio - the percentage of cash commercial banks must keep on hand - by half a percentage point, to 5.
PTI NEW DELHI THE Reserve Bank of India in its quarterly review meet on Tuesday cut the cash reserve ratio (CRR) by 50 bps to ease tight liquidity pressure in the banking system.
The Bangladesh Bank raised the cash reserve ratio (CRR) for banks by 50 points to 5.
The bank additionally increased the cash reserve ratio, which fixes the percentage of deposits commercial banks must keep with the central bank, in a move to drain money from the financial system.
A hike in rates or the cash reserve ratio -- the amount which commercial banks have to keep aside as deposit -- would take place during the first quarter of calendar year 2010, the Edelweiss report said.