Tag Archive for RBI Governor

Has Rajan cut SLR via liquidity cover move?

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By T. Bijoy Idicheriah, Cogencis

In a simple move today, Reserve Bank of India Governor Raghuram Rajan gave banks the flexibility to tap their Statutory Liquidity Ratio holdings for liquidity to meet their Liquidity Coverage Ratio. By ensuring that such flexibility does not impact government borrowing plans, even when it helps banks migrate to LCR and also adhere to Basel III requirements, Rajan has hit many birds with one stone. From a liquidity standpoint, he has, in effect, cut SLR without really cutting it.

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