The Reserve Bank of India will inject Rs 1 lakh crore short term money into the banking system ahead of the financial year-end that normally sees cash crunch.
The move is likely to keep short term rates under check benefiting borrowing companies.
“In order to address additional demand for liquidity and with a view to provide flexibility to the banking system in its liquidity management towards March-end, it is prepared to inject adequate additional liquidity….,” RBI said in a ..
Read more at:
https://economictimes.indiatimes.com/news/economy/policy/rbi-to-inject-rs-1-lakh-cr-cash-into-banking-system-in-march/articleshow/63173959.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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The Reserve Bank of India will inject Rs 1 lakh crore short term money into the banking system ahead of the financial year-end that normally sees cash crunch. The move is likely to keep short term rates under check benefiting borrowing companies. “In order to address additional demand for liquidity and with a view to provide flexibility to the banking system in its liquidity management towards March-end, it is prepared to inject adequate additional liquidity….,” RBI said in a .. Read more at: https://economictimes.indiatimes.com/news/economy/policy/rbi-to-inject-rs-1-lakh-cr-cash-into-banking-system-in-march/articleshow/63173959.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst