Top economic news of the day

India Infoline News Service | Mumbai |

The Centre has put on hold further amalgamation of regional rural banks, as these face challenges in meeting capital adequacy norms

Domestic vehicle sales registered a growth of 13.22% to 16,98,138 units in May this year against 14,99,893 units in the same month a year ago, the Society of Indian Automobile Manufacturers (SIAM) said. (BL)

In a move aimed at creating liquidity buffers in banks, the Reserve Bank of India has mandated the lenders to maintain 60% liquidity coverage ratio (LCR) from January 1, 2015. Also, the central bank suggested a phased manner in which the ratio will have to increase to 100% by January 1, 2019. Equal quantum of increase has been suggested for every year, till 2019. LCR is defined as the proportion of high-quality liquid assets to the total net cash outflows in the next 30 calendar days. (BS)

The Centre has put on hold further amalgamation of regional rural banks, as these face challenges in meeting capital adequacy norms. (BS)
 

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