Indian banks transferred $2.5 trillion, or 80% of GDP, through smartphones. However, the RBI is now raising liquidity requirements for mobile-linked deposits, drawing a parallel to the SVB failure. This move aims to ensure banks' stability but could affect credit growth and net interest margins.
from Banking/Finance-Industry-Economic Times https://ift.tt/PWgZxlG
via IFTTT
No comments:
Post a Comment