Govt pushes back on key RBI proposals fearing hit to credit growth
The Indian government is pushing back on two key proposals from the Reserve Bank of India (RBI) aimed at increasing bank reserves for infrastructure projects and online deposits. The RBI proposed banks set aside 5% of loans for infrastructure projects under construction and another 5% for "run-off" reserves on digital deposits.
The Indian government is pushing back on two key proposals from the Reserve Bank of India (RBI) aimed at increasing bank reserves for infrastructure projects and online deposits. The RBI proposed banks set aside 5% of loans for infrastructure projects under construction and another 5% for "run-off" reserves on digital deposits.
