Q: To which Bank , Citibank has transferred its ownership ?
Ans: Citibank has transferred its ownership of consumer banking business to Axis Bank.
Q: Difference between Cash Reserve Ratio and Statutory Liquidity Ratio?
Ans: Cash Reserve Ratio: Cash and equivalents No interest Low CRR @happy banks Statutory Liquidity ratio: Banks will keep the amount with itself but in the form of cash, gold or government securities. It is an interest income. RBI maintains the Liquidity of bank through SLR.
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