MUMBAI, India, April 21 -- Reserve Bank of India issued the following press release:
The Reserve Bank issued a draft circular on July 25, 2024 on 'Basel III Framework on Liquidity Standards - Liquidity Coverage Ratio (LCR) - Review of Haircuts on High Quality Liquid Assets (HQLA) and Run-off Rates on Certain Categories of Deposits'. The draft circular proposed certain amendments to the LCR framework and invited comments from banks and stakeholders.
2. The feedback received has been carefully examined and the final guidelines have been issued by the Reserve Bank today. With the issuance of these guidelines, a bank shall:
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assign additional run-off rates of 2.5 per cent to internet and mobile banking enabled retail and small business c...