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you have written that 10% of demand deposits is to be kept to meet withdrawl requirements but this amount is kept with RBI?
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you have written that 10% of demand deposits is to be kept to meet wit...
The amount that is kept with RBI is known as CRR,while for meeting the requirement of withdrawal LRR is used by the banks.
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Direction: Read the following passage and answer the questions that follow:Mr. Krishna Kumar is a businessman, dealing in confectionery items. His marketing strategy and quality control system has enabled him to create a niche market for his products. He has opened an account with PNB and every day he makes a number of transactions, both deposits and withdrawals to conduct his business smoothly. Sometimes he even withdraws more than the balance available in his account. But he doesn’t earn any interest on this account. Apart from this account, he has opened Recurring Deposit Account also in which he deposits ` 10,000 monthly. He believes that money should not be kept idle, rather it should be invested in productive channels as money begets money.The Current Account holders enjoy the facility of withdrawing more than balance in their Account.Q. Name the facility mentioned here.

Direction: Read the following passage and answer the questions that follow:Mr. Krishna Kumar is a businessman, dealing in confectionery items. His marketing strategy and quality control system has enabled him to create a niche market for his products. He has opened an account with PNB and every day he makes a number of transactions, both deposits and withdrawals to conduct his business smoothly. Sometimes he even withdraws more than the balance available in his account. But he doesn’t earn any interest on this account. Apart from this account, he has opened Recurring Deposit Account also in which he deposits ` 10,000 monthly. He believes that money should not be kept idle, rather it should be invested in productive channels as money begets money.“He has opened an account with PNB and every day he makes number of transactions, both deposits and withdrawals.”Q. Identify the bank account stated in the above line.

Direction: Read the following passage and answer the questions that follow:Mr. Krishna Kumar is a businessman, dealing in confectionery items. His marketing strategy and quality control system has enabled him to create a niche market for his products. He has opened an account with PNB and every day he makes a number of transactions, both deposits and withdrawals to conduct his business smoothly. Sometimes he even withdraws more than the balance available in his account. But he doesn’t earn any interest on this account. Apart from this account, he has opened Recurring Deposit Account also in which he deposits ` 10,000 monthly. He believes that money should not be kept idle, rather it should be invested in productive channels as money begets money.Q. Which of the following Bank Account is a non interest bearing bank account?

Read the below case and answer the question that follow:On March 5, 2020, the Reserve Bank of India (RBI) imposed a 30-day moratorium on YES Bank, superseded the private-sector lender’s board, and appointed Prashant Kumar, who was serving as chief financial officer and deputy managing director at State Bank of India (SBI), as an administrator. Under the terms of the moratorium, deposit withdrawals were capped at ₹50,000 per person. The central bank proposed a reconstruction scheme under which SBI might take a maximum of 49% stake in the restructured capital of the bank. Analysts believed the new management of YES Bank, headed by former Deutsche Bank India head Ravneet Gill, who joined the bank in early 2019, could turn around the ship. Gill, however, has struggled to do so.The bank’s loan book on March 31, 2014, was ₹55,633 crore, and its deposits were ₹74,192 crore. Since then, the loan book has grown to nearly four times as much, at ₹ 2.25 trillion as on September 30, 2019. While deposit growth failed to keep pace and increased at less than three times to ₹2.10 trillion. The bank’s asset quality also worsened and it came under regulator RBI’s scanner. YES Bank has a substantial exposure to several troubled borrowers, including the Anil Ambani-led Reliance group, DHFL and IL&FS. The tipping point came when one of the bank’s independent directors, Uttam Prakash Agarwal, resigned from the board in January 2020 citing governance issues. - “What is YES Bank Crisis?” - Business StandardQ. Under the moratorium, the deposit withdrawal was capped at _______________.

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you have written that 10% of demand deposits is to be kept to meet withdrawl requirements but this amount is kept with RBI?
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you have written that 10% of demand deposits is to be kept to meet withdrawl requirements but this amount is kept with RBI? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about you have written that 10% of demand deposits is to be kept to meet withdrawl requirements but this amount is kept with RBI? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for you have written that 10% of demand deposits is to be kept to meet withdrawl requirements but this amount is kept with RBI?.
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