Indian central bank relaxes rule for Basel III coverage.
Global Banking News-July 22, 2016--Indian central bank relaxes rule for Basel III coverage
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Global Banking News - 22 July 2016
The Indian central bank has said that it has relaxed its rules for Basel III coverage ratio.
The Reserve Bank of India (RBI) relaxed Basel III-mandated liquidity coverage ratios for banks, allowing banks to apply an additional 1 percentage point of the deposits they currently hold as government bonds under their statutory liquidity ratios (SLR).
Banks can now apply up to 11 percent of their deposit base held as SLR, government securities that banks must hold with the RBI.
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