RBI issues circular on tighter liquidity norms for banks
The Reserve Bank of India (RBI) on Thursday issued a draft circular on the Basel III framework on liquidity standards, which will require banks to set aside more funds to cover their risks.
Swaminathan Janakiraman, Managing Director at State Bank of India, has been appointed Deputy Governor (DG) of the Reserve Bank of India.
[Photo: ANI]
Swaminathan Janakiraman, Managing Director at State Bank of India, has been appointed Deputy Governor (DG) of the Reserve Bank of India.
The appointment is for a period of three years from the date of joining the post or until further orders, whichever is earlier, the Department of Personnel and Training said in a notification on Tuesday. The appointment was cleared by the Appointments Committee of Cabinet. The other three RBI deputy governors are T. Rabi Sankar, M. Rajeshwar Rao, MD Patra. Janakiraman will replace MK Jain who will retire on June 21.
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