Reserve Bank of India eases liquidity ratio requirements
Central bank looks to relax India's twin track liquidity rules in order to prevent an overlap between Basel III and onshore metrics
The Reserve Bank of India (RBI) announced on September 30 that it would allow banks to use up to 5% of the funds that they put aside to meet the local statutory liquidity ratio (SLR) to also be used against Basel III's liquidity coverage ratio (LCR), which will be brought in in a phased manner from January.
As part of the same bimonthly policy review, the central bank also announced that it would
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