Exclusive internet domain for banks, RBI defers implementation of liquidity coverage ratio

The Reserve Bank of India has deferred the implementation of the liquidity coverage ratio (LCR) by a year, in a big relief to banks. The LCR norms will also be introduced in a phased manner.

Banks can now focus on collecting deposits and lending them.

Analysts estimated banks would have to invest nearly ₹4 lakh crore to comply with LCR rules that were first proposed under the regime of former RBI governor Shaktikanta Das.