Important Announcements in Second Bi-Monthly Monetary Policy, 2019-20

  • Leverage Ratio for Banks– The minimum Leverage Ratio(LR) should be 4% for Domestic Systemically Important Banks (DSIBs) and 3.5% for other banks. (Basel III norms) 
  • Review of Charges for RBI-operated Payment Systems- In order to provide an impetus to digital funds movement, it has been decided to do away with the charges levied by the Reserve Bank for transactions processed in the RTGS and NEFT systems. Complete instructions will be issued soon.

  • Constitution of a Committee to Review the ATM Interchange Fee Structure– RBI will soon set up a Committee involving all stakeholders, under the chairmanship of the Chief Executive Officer, Indian Banks’ Association (IBA), to examine the entire gamut of ATM charges and fees. V. G. Kannan is the CEO of IBA.

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