
India's banking sector is facing increasing challenges, with top bankers warning of a rising liquidity crunch, the worst in over a decade. The Reserve Bank of India (RBI) is responding to these concerns by seeking information on the impact of new liquidity coverage ratio (LCR) rules, following pushback from banks. Additionally, the government is urging public sector banks to collaborate directly with the Indian Cybercrime Coordination Centre (I4C) to combat the growing issue of financial fraud. Furthermore, RBI Deputy Governor has emphasized the need for banks to accelerate their work on Central Bank Digital Currencies (CBDCs), develop more use cases, and engage employees in adapting to evolving technologies.
Top #bankers sound alarm over rising #liquidity crunch, worst in over a decade @_ritusingh https://t.co/gVoZ0f5b9u
#NewsAlert | RBI Deputy Governor: 'Banks must accelerate work on CBDCs, develop more use cases, and engage employees in adapting to evolving tech.' @RBI #Banking #CBDC #Fintech https://t.co/IqhZauLQue
#LeadStoryOnET | #Bankers, check! #RBI seeks info on impact of new #LCR rules following pushback from #banks https://t.co/tkSj9yhgo3 https://t.co/haFPE5T98D

