RBI updates deposit rules: From differential rates to daily disclosures, here’s what’s changing
RBI changes deposit rules, allows differential bulk deposit rates and tighter disclosures. NEW DELHI: The Reserve Bank of India (RBI) has overhauled rules governing bulk deposits, allowing banks to offer differential interest rates based on liquidity risk under the Liquidity Coverage Ratio (LCR) framework while mandating daily public disclosure of bulk deposit rates to improve…