RBI’s Chakrabarty calls for more refined approach to liquidity management

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Kamalesh Chakrabarty, the deputy governor of the Reserve Bank of India, on Tuesday said financial institutions will need a more sophisticated and razor-sharp approach to liquidity management in order to avoid future liquidity crises.

At an event in Mumbai, India, Chakrabarty said: "Banks and financial institutions are destined to be facing the unpredictability they like to believe as non-existent. Liquidity crises, although recurrent, are yet to be effectively managed. Responses are varied and

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