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News RBI

  • Feb 12, 2016
  • RBI allows 3% more of SLR for LCR

    The Reserve Bank of India has addressed the liquidity issues of commercial banks by easing the regulations on the liquidity coverage ratio.On Thursday, it allowed banks to qualify 10% of SLR bonds as Liquidity Coverage Ratio (LCR) from 7% earlier, a requirement mandated under the Basel-III accounting norms from their Statutory Liquidity Ratio (SLR) requirements. The move will help banks to use an additional Rs 2.8 lakh crore of their resources for lending.

    Source - http://economictimes.indiatimes.com