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RBI Mulls Liquidity Norms With More Buffers For Electronic Fund Transfers

Summary by NDTV Profit
The Reserve Bank of India on Thursday has proposed new draft guidelines requiring banks to maintain additional liquidity buffers for accounts with internet and mobile banking facilities. The move aims to mitigate risks during periods of financial stress, following Governor Shaktikanta Das' April policy review, highlighting the heightened use of digital banking tools for fund transfers and withdrawals. The draft circular seeks to amend guidelines…
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