RBI to review liquidity coverage ratio norms for banks ...Middle East

Mumbai: The RBI has decided to undertake a comprehensive review of the liquidity coverage ratio (LCR) framework for banks to prevent a situation where a sudden withdrawal of money by a very large number of customers from their accounts could precipitate financial difficulties for the banks, RBI Governor Shaktikanta Das announced on Friday. Das said a draft circular will be issued shortly for stakeholder consultation on the issue “Technological developments have enabled bank customers to instantly withdraw or transfer money from their bank accounts. While improving customer convenience, this has also created challenges for banks to deal with potential situations when, due to certain factors

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Last updated : 05 April 2024 clock 10:41 AM

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RBI to review liquidity coverage ratio norms for banks ...Middle East

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