The Valiv police have arrested a 28-year-old imposter who duped traders by showing screen shots of fake bank transfers after making purchases. The accused identified as-Faisal Abul Hassan Shaikh who turned out to be habitual offender had recently duped a mobile dealer in Vasai to the tune of Rs 1.60 lakh by purchasing a high-end mobile phone.
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Lenders have asked the RBI to permit the compulsory portion of funds set aside for the maintenance of the Cash Reserve Ratio (CRR) to be made eligible as High Quality Liquid Assets (HQLA) for the purpose of computing Liquidity Coverage Ratio (LCR), sources aware of the developments told ET.
The central bank will issue a draft circular in this regard for comments of all stakeholders. Under the liquidity coverage ratio (LCR) introduced post the global financial crisis, banks are currently required to maintain a stock of high quality liquid assets (HQLA) to cover the expected net cash outflows in the next 30 calendar days.