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RBI Eases Bank Liquidity Rules
- RBI relaxed liquidity coverage ratio (LCR) rules after initial tough draft faced pushback.
- Banks now assume lower runoff rates on digital deposits, easing pressure on lending capacity.
Final LCR Rules Boost Liquidity
- The final LCR rules actually improve systemic liquidity by about 6% based on RBI data.
- More liquidity freed from safe assets can be lent at higher yields, enhancing bank profitability.
Surat's Diamond Industry Crisis
- Surat dominates global diamond polishing with 90% market share employing 8-10 lakh workers.
- Industry faces historic slowdown due to Russian bans, weak global demand, US tariff uncertainty, and inventory piling, hurting livelihoods.