The I-CRR was introduced on August 10, 2023, by the RBI to absorb the surplus liquidity generated by various factors, including the return of Rs 2,000 notes to the banking system. The Reserve Bank of India (RBI) would discontinue the incremental cash reserve ratio (I-CRR) requirement imposed on banks and return the seized funds in phases.Out of the total I-CRR maintained, 25 per cent will be disbursed on September 9, another 25 per cent on September 23, and the remaining on October 7. It was estimated that around Rs 1 trillion worth of liquidity was held due to the I- CRR requirement. During the August review of the monetary policy, the RBI mandated all scheduled banks to maintain an I-CRR of 10 percent on the increase in their net demand and time liabilities (NDTL).
Section 54(b) of the Income Tax Act, 1961 refers to:
An entry with more than one debit or credit is known as
What is used in preparing trial balance?
Calculate Total asset turnover ratio of the company?
According to The Companies Act, 2013 ‘Government Company’ means any company in which not less than ________ of the paid-up share capital is held by ...
Which of the following is not regarded as advantage of computerized accounting system?
When the total of debit and credit are equal, it represents
Accruals are recorded in the books of accounts through:
Share Options Outstanding Account is shown on the liabilities side in the Balance Sheet under the head:
When an enterprise has an unhedged receivable or payable denominated in a foreign currency and settlement of the obligation hasnotyet taken place that f...
