Reserve Bank to stick to higher digitally-linked deposit buffer proposal

Quick Summary:

Assuming a 10 per cent drop in banks' LCR, the system requirement for government securities could rise by almost four trillion rupees, rating agency ICRA estimates.

Given the need for banks to manage their liquidity if the proposed norms are implemented, analysts expect increased demand for government bonds.

But the RBI is unlikely to accede and the final rules are expected to be "status quo," a source aware of the RBI's thinking said.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Reserve Bank of India Lenders RBI Digital deposit Banks Indian banks

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 14:33:23 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 469 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22457202

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