Friday, December 4, 2020

RBI elevates rural banks while booting risk framework

The market had already factored in an enhanced role for mutual funds and insurance companies in managing surplus liquidity generated by the central bank purchases of bonds and foreign currency. But Mint Road did one better: It allowed in a new participant, the regional rural banks.

from Banking/Finance-Industry-Economic Times https://ift.tt/3mJ2eCX

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