New Guidelines
RBI's draft norms to hit Bank of Maharashtra's LCR by 500 bps, says source
This story was originally published at 21:49 IST on 24 January 2025
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MUMBAI – The Reserve Bank of India's draft norms on the liquidity coverage ratio may bring Bank of Maharashtra's ratio down to 104% from 109%, an official said. "With the new guidelines, it should be around 104%. We are working on many areas to see that the core retail deposit goes up," the official said on the condition of anonymity.
The draft guidelines, whose implementation Indian banks are battling to get postponed beyond the proposed Apr. 1 deadline, requires banks to assign an additional 5% run-off factor to internet and mobile banking-enabled retail deposits, among other changes. Informist reported Tuesday, quoting sources, that the central bank has asked some banks to submit details of their liquidity coverage ratio status as of Dec. 31 under these new norms through its DAKSH portal.
New RBI Governor Sanjay Malhotra is likely to meet bank chief executives Monday. According to the official mentioned earlier, issues related to the draft norms on expected credit loss, project finance, and liquidity coverage ratio may be raised at the meeting.
Shares of Bank of Maharashtra ended 1.5% lower Friday at INR 49.65 on the National Stock Exchange. End
Reported by Kshipra Petkar
Edited by Rajeev Pai
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