INDIA'S BANK CASH CRUNCH LIKELY TEMPORARY, ANALYSTS SAY
https://media.zenfs.com/en/reuters.com/27802ddbe5a88aa9d95740e8d36a83b8
✍️ India's banking system liquidity surplus is expected to ease in the coming days due to government spending and bond redemptions offsetting the impact of recent tax outflows.
👉 India's banking system liquidity surplus declined to 70 billion rupees on September 21 👉 The shortage is expected to be temporary, due to government spending and bond redemptions 👉 The Reserve Bank of India is comfortable with a liquidity surplus of around 1% of banks' deposits
-- #DharamrajDhutia #VivekKumar #GauraSenGupta #MrigankDhaniwala #MUMBAI #business
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