Economics · Banking and Finance
The back office of a bank calculates the Net Demand and Time Liabilities (NDTL) for 'Reporting Friday' to determine reserve requirements based on the following data: 1. Demand Liabilities (Savings, Current accounts): ₹500 Crore 2. Time Liabilities (Fixed Deposits, Recurring Deposits): ₹800 Crore 3. Other Demand and Time Liabilities: ₹50 Crore 4. Assets with the Banking System (Money at call, etc.): ₹20 Crore Calculate the NDTL and the amount of Cash Reserve Ratio (CRR) at 4.5% that the bank must maintain with the RBI.
- 1NDTL ₹1370 Crore; CRR ₹61.65 Crore
- 2NDTL ₹1330 Crore; CRR ₹60.00 Crore
- 3NDTL ₹1350 Crore; CRR ₹60.75 Crore
- 4NDTL ₹1330 Crore; CRR ₹59.85 Crore✓
Correct answer
NDTL ₹1330 Crore; CRR ₹59.85 Crore
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