Technology Innovation To Foil Liquidity Risk In Focus
RBI ANNUAL REPORT FOR 2002-03
The Reserve Bank of India (RBI) has stressed the importance of technological innovation as a vital part of liquidity management systems in banks.
The RBI, in its annual report, highlighted the incidence of technology risk translating into a liquidity risk, resulting in chaos in the banking sector.
This assumes significance against the back drop of the run on ICICI Bank in April 2003 when cash in the bank