Excess cash reserve
not only adversely impacts smooth functioning of the interest rate corridor but also has implications on banks' own liquidity management.
Mahesh Thakkar, the director general of the Finance industry Development Council (FIDC), said that the industry did not expect much change in the interest rates, however a reduction in the cash reserve
ratio (CRR) is anticipated.
The Reserve Bank of India cut the cash reserve
ratio for commercial banks by 75 basis points to 4.
This is because one of the purposes of the cash reserve
is to cope with unexpected states of transition, such as the one the city is currently undergoing.
As far along as I was in life and business, I had always heard I should have cash, but it didn't sink in that I should build a cash reserve
1 billion holdback comprising an $800 million cash reserve
and a $300 million letter of credit.
1bn holdback previously required, which consisted of an USD800m cash reserve
and a related USD300m letter of credit.
To begin, try setting up an emergency cash reserve
with at least three to six months worth of cash to cover living expenses.
The corporation has been successful but, because of recent capital investments, it does not have a large cash reserve
24 /PRNewswire/ -- In response to customer concerns, Summit Bank has removed an unavailable funds fee that went into effect on January 26, 1999 for customers with overdraft protection under its Cash Reserve
line of credit.
The key results are (a) a neat and powerful money-supply multiplier that is the inverse of the cash reserve
ratio, and (b) the money supply is shown to be firmly under the control of the central bank through its monopoly of cash reserve
The rating action reflects recent deterioration in performance of the 2001-1 transaction resulting in cash reserve