February 7, 2025 4:47 PM

RBI defers rollout of LCR norms by a year in big relief to banks

In a big relief for banks, RBI Governor Sanjay Malhotra announced on Friday that the implementation of the proposed Liquidity Coverage Ratio (LCR), as well as project financing norms, will be deferred by a year and will not be implemented before March 31, 2026. He said that the step has been taken as the earlier deadline of March 2025 does not give sufficient time for the implementation of these guidelines. The RBI does not want to cause a disruption in the financial system and will ensure a sm...