RBI hikes threshold for deposits of non-financial small biz customers

The Reserve Bank of India (RBI) has enhanced the threshold restrict for deposits and other extensions of funds produced by non-monetary compact organization buyers from Rs 5 crore to Rs 7.5 crore for the servicing of Liquidity Protection Ratio of banking institutions.

This, the RBI claimed, has been carried out to far better align pointers with the Basel Committee on Banking Supervision common and enabling banking institutions to handle liquidity hazard a lot more effectively.

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To start with Released: Fri, January 07 2022. 01:33 IST