Banks can tag more of small biz deposits as stable
- shahpurturkcsc
- Jan 7, 2022
- 1 min read
In a move that will make it easier for smaller banks to comply with Reserve Bank of India’s (RBI’s) prudential norms, the central bank has allowed lenders to recognise deposits of up to Rs 7.5 crore by small businesses for purpose of maintaining liquidity coverage ratio (LCR). The earlier threshold for a deposit being part of the LCR was Rs 5 crore.
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3zAxcV3 via IFTTT
from Blogger https://ift.tt/31BI2hg via IFTTT
Comments