In a highly critical update for banking examinations and compliance officers, the Reserve Bank of India (RBI) issued revised Basel III Liquidity Coverage Ratio (LCR) guidelines for Small Finance Banks. This ensures these banks maintain highly liquid assets to survive acute stress scenarios.
📚 Test Your Knowledge:
The Reserve Bank of India recently issued revised Basel III Liquidity Coverage Ratio (LCR) guidelines specifically targeting which type of banks?
Correct Answer: Small Finance Banks