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

The Reserve Bank of India (RBI) has increased the threshold limit for deposits and other extensions of funds made by non-financial small business customers from Rs 5 crore to Rs 7.5 crore for the maintenance of Liquidity Coverage Ratio of banks.

 

This, the RBI said, has been done to better align guidelines with the Basel Committee on Banking Supervision standard and enabling banks to manage liquidity risk more effectively.