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Asia

RBI moves to distance self from bank deposit ratings

Markets-Economic Times · 7h ago · 🇮🇳 India

RBI moves to distance self from bank deposit ratings

The Reserve Bank of India has instructed rating agencies to refrain from categorizing it as the regulator overseeing bank deposits. This recent directive raises the possibility that these credit assessment organizations may halt the evaluation of bank deposits entirely. With threats of deposit outflows and potential bank instability stemming from any downgraded ratings, the landscape of retail deposit reactions remains mixed.

Read the full story at Markets-Economic Times →

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