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What is LLR ?

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What is LLR ?

Posted by Tanvi Gupta 6 years, 2 months ago

CBSE > Class 12 > Economics

2 answers

Priyanshi Meghrani 6 years, 2 months ago

LRR is compulsory to keep or maintain by each and every commercial bank . this should be in the form of cash . the limit of LRR is fixed by RBI .

Shubhra ?? Jain 6 years, 2 months ago

It is legally compulsory for the banks to keep a certain minimum fraction of their deposits as reserves & this fraction is called LRR(Legal Reserve Ratio). And it is fixed by Central Bank

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