RBI releases draft guidelines to enhance banks' liquidity resilience, addressing tech risks; proposes a 5% run-off factor for internet and mobile banking retail deposits.
India's central bank, RBI, releases draft guidelines to strengthen banks' liquidity resilience, addressing technology risks in banking. Proposed measures include assigning a 5% run-off factor for retail deposits enabled with internet & mobile banking, to mitigate capital withdrawal risks. This follows RBI Governor Shaktikanta Das's proposal to update the liquidity coverage ratio framework.
July 25, 2024
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