Banks need to maintain regulatory norms: SBI
04/08/2016 10:05
Leading PSU Bank, SBI has said that the banks need to meet regulatory norms as India is a capital deficient country. Commenting on the issue, SBI Chairman Arundhati Bhattacharya told the media, "Banks in the country are required to maintain things like liquidity coverage ratio (LCR), CRR and SLR and classification of loans also. As India is a capital deficient country there is need to meet these standards and maintain credibility and attract foreign capital." "Now, banks are required to maintain LCR over and above CRR and SLR. Liquidity risk is the biggest risk which the banking sector was facing today," she added. The SBI chief also said technology was becoming a great enabler in reaching out to the people in the villages. As per reports, the bank has identified seven lakh Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts for availing of overdraft from the bank. Cyber crime was another issue of concern among the bankers.
04/08/2016 10:05
