The Indian Banks' Association is asking the Reserve Bank of India to reduce the proposed additional 5% 'runoff' requirement on retail deposits and to implement it gradually. They also seek an extension for providing feedback. The regulation aims to boost liquidity resilience, potentially increasing demand for government bonds. Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
