Several banks have written to the Reserve Bank of India (RBI) opposing a draft circular on liquidity coverage ratio (LCR), which proposed an additional run-off factor of 5 per cent for retail deposits enabled with internet and mobile banking (IMB) facilities. This opposition was on the ground that it will impact loan growth since banks are facing challenges in deposit mobilisation.
In July, the banking regulator came out with draft guidelines that mandated banks to assign an additional 5 per cent run-off factor for such retail deposits.
IMB is not limited to internet banking, mobile banking and Unified Payments Interface (UPI).
It enables a customer to digitally transfer funds from their accounts.
If the draft norms are implemented, stable retail deposits enabled with IMB will have 10 per cent runoff factor and less stable deposits enabled with IMB are set to have 15 per cent run-off factor.
هذه القصة مأخوذة من طبعة September 09, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة September 09, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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