Payment banks are urging the RBI to reduce the statutory liquidity ratio (SLR) by at least 10% to invest in higher-yielding instruments and boost margins. They're also seeking permission to disburse loans and accept deposits up to ₹5 lakh. With previous requests unanswered, they've requested a meeting with the RBI governor to discuss these issues.
from Banking/Finance-Industry-Economic Times https://ift.tt/3aeFBAS
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