Indian banks must maintain additional liquid assets, RBI says

02/21/2012 | Reuters

The Reserve Bank of India has released draft guidelines on "Liquidity Risk Management and Basel III Framework on Liquidity Standards", which say that the country's banks must hold more "high-quality" liquid assets. "Banks are expected to meet this requirement continuously and hold a stock of unencumbered, high-quality liquid assets as a defence against the potential onset of severe liquidity stress," the RBI said.

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