RBI increases bulk fixed deposit threshold from Rs 2 crore to Rs 3 crore for improved asset liability management.

The Reserve Bank of India (RBI) has increased the bulk fixed deposit threshold from Rs 2 crore to Rs 3 crore to improve asset liability management for banks. Single rupee term deposits up to Rs 2 crore will now be classified as retail fixed deposits, while deposits above Rs 3 crore will be considered bulk deposits. This move by the RBI aims to streamline the categorisation of substantial deposits within the banking sector.