Passez à l'illimité avec Magzter GOLD
Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement
Essayer OR - Gratuit
24/7 online banking may increase risks and liquidity issues for banks: RBI DG Swaminathan
The Business Guardian
|August 15, 2024
Online banking services like Internet banking and mobile banking may increase the chances of liquidity crisis during periods of stress, highlights RBI Deputy Governor Swaminathan Janakiraman during an event in Jaipur on Wednesday.
-
He added that the expansion and widespread adoption of digital payment systems has enabled rapid, low-cost transactions and easy withdrawals via online banking and mobile apps. However, this shift increases the risk to operational stability and resilience.
"The 24/7 availability of online and mobile banking can heighten vulnerabilities, potentially accelerating bank runs and liquidity crises during periods of stress, as customers may withdraw funds even outside of traditional banking hours and without having to visit a Bank branch" said Deputy Governor.
Cette histoire est tirée de l'édition August 15, 2024 de The Business Guardian.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The Business Guardian
The Business Guardian
HOW DEEPFAKES ARE CREATING NEW RISKS FOR WOMEN IN INDIA
With the rise in the usage of digital media by Indians, a new challenge has arisen in the form of synthetic and manipulated media, particularly deepfakes.
4 mins
November 28, 2025
The Business Guardian
NetBanking 2.0 aims to make online payments easier, safer: NPCI Bharat BillPay MD & CEO
Net banking in India is set to change in a big way with the introduction of a new system designed to make online payments simpler and safer for users.
1 mins
November 28, 2025
The Business Guardian
CBDT launches second NUDGE initiative to boost voluntary compliance on foreign assets
The Central Board of Direct Taxes (CBDT) on Thursday announced the launch of the second phase of its NUDGE initiative aimed at strengthening voluntary compliance in reporting foreign assets and income.
1 mins
November 28, 2025
The Business Guardian
An enchanting evening with veterans and gems of Hindi Poetry
The 53rd Shri Ram Kavi Sammelan returns with a distinguished lineup of veteran poets and celebrated gems of Hindi literature.
1 min
November 28, 2025
The Business Guardian
Govt approves Rs 305-crore Tex-RAMPS scheme to
The Government of India has approved a new central sector scheme, ‘Textiles Focused Research, Assessment, Monitoring, Planning and Startup’ (Tex-RAMPS), aimed at boosting research, innovation and competitiveness in the country’s textiles sector.
1 min
November 28, 2025
The Business Guardian
Phad Painting: The vibrant storytelling art of Rajasthan
Phad painting, one of Rajasthan’s most distinctive folk art forms, traces its roots to the Mewar region in the 17th century. Unlike conventional paintings meant purely for display, Phad paintings were created as visual narratives, serving as portable storyboards for itinerant storytellers.
2 mins
November 28, 2025
The Business Guardian
New telecom cybersecurity rules in force, DoT clarifies status
The Department of Telecommunications (DoT) has said that the amendments to the Telecommunication Cyber Security (TCS) Rules, 2024, formally notified on October 22, 2025, are fully in force and enforceable.
1 mins
November 28, 2025
The Business Guardian
BLACK FRIDAY ARRIVES WITH SOLID MOMENTUM
This year’s kickoff comesas companies navigate an uncertain economic environment and wrestle with the volatility of President Donald Trump ‘s wide-ranging tariffs on imported goods.
1 min
November 28, 2025
The Business Guardian
DMRC deploys 82 anti-smog guns across construction sites
The Delhi Metro has deployed 82 anti-smog guns across its construction sites to curb dust pollution.
1 min
November 28, 2025
The Business Guardian
E-commerce firm Meesho to launch IPO on Dec 3
SoftBank-backed e commerce firm Meesho is set to float its initial public offering (IPO) comprising a fresh issue of shares worth Rs 4,250 crore on December 3.
1 min
November 28, 2025
Listen
Translate
Change font size