Interest on CRR: banknetindia.com


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Name :	Vikas Guru
Subject:	Interest on CRR
Message :	The CRR is a tool to limit the credit creation capacity of the banks. The New credit policy has hiked interest on CRR component from 4 percent existing to the 6 percent. The more the interest means addition to the liquidity of the bank. Does it not impair the basic and fundamental objective of the Tool CRR? kindly put your views!!