Digital Volatility vs. Credit Growth: Analyzing RBI’s Calibrated LCR Framework for Internet & Mobile Banking

Policy UpdateRashi Kothari Background & Structural Context The rapid digitization of retail payments in India—driven by UPI, 24/7 NEFT, RTGS, and mobile banking—has fundamentally reshaped consumer financial behavior (RBI, 2023; FSB, 2023). While this digital infrastructure has lowered transaction costs…




