Question
Download Solution PDFWhat is the revised bulk deposit limit for scheduled commercial banks (SCBs) according to the RBI's new proposal?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is ₹3 crore.
In News
- The RBI has revised the bulk deposit limit to ₹3 crore for scheduled commercial banks (SCBs), increasing the threshold from the earlier limit of ₹2 crore.
- This revision will apply to both traditional banks and Small Finance Banks (SFBs), but it excludes Regional Rural Banks (RRBs).
Key Points
- The bulk deposit limit for scheduled commercial banks (SCBs) has been increased to ₹3 crore, up from ₹2 crore.
- This revision aims to streamline the categorization of bulk deposits and adapt to evolving market dynamics.
- Banks will have discretion to offer differential interest rates on bulk deposits based on their requirements and Asset-Liability Management (ALM) projections.
Additional Information
- Bulk Deposit
- Deposits of a substantial amount, usually placed by institutional investors, corporations, or high-net-worth individuals (HNIs), often subject to different interest rates.
- Scheduled Commercial Banks (SCBs)
- Commercial banks that are included in the Second Schedule of the Reserve Bank of India Act, 1934, and are governed by RBI regulations.
Last updated on Jul 10, 2025
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