Business
RBI deputy Governor Swaminathan J. says banks should rely less on bulk deposits.
By - 11 Jan 2024 05:21 PM
"Long-term large deposits will still need to be managed even when interest rates decline, which could result in lower margins eating up profit, according to Reserve Bank deputy governor Swaminathan J.The RBI deputy governor stated that the regulator has discovered that many banks are not even investing the full amount allocated for IT, highlighting this as a significant risk.
The issue of inadequate management and governance in banks was also brought up by Swaminathan."
