RBI has proposed a higher liquidity coverage ratio for retail deposits

New Delhi [India], July 26 (ANI): The Reserve Bank of India (RBI) has issued a draft circular on the Basel III framework regarding liquidity standards, as announced in the April monetary policy.

The central bank has invited comments from banks and stakeholders on the draft by August 31, 2024.

The central bank stated that banks under the Liquidity Coverage Ratio (LCR) framework must maintain a stock of high-quality liquid