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Monday, July 29, 2024

Liquidity norms: Chase begins for deposits

Private banks in Mumbai faced new liquidity coverage norms from RBI, requiring stable funds like fixed deposits and increased investment in govt securities. The norms pressured interest margins and saw a significant drop in liquidity coverage ratios (LCR) for both private and public sector banks, impacting digital banking accounts and collateral valuation.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GuHSrEK

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