banking system

Banking system liquidity back at surplus; markets see signs of softer RBI stance

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Banking system liquidity back at surplus; markets see signs of softer RBI stance

After a brief swing to the deficit mode, liquidity in the banking system returned to a surplus this week, with analysts interpreting the Reserve Bank of India’s tolerance of extra cash with banks as a tilt towards easier policy ahead of the official interest rate statement next month. For seven days in September, the RBI … Read more

Lower govt borrowing to prop up growth, moderate inflation, says RBI Governor Shaktikanta Das

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Lower govt borrowing to prop up growth, moderate inflation, says RBI Governor Shaktikanta Das

Reserve Bank Governor Shaktikanta Das on Monday said lower government borrowings than the market estimates will free more capital for the private sector resulting in easing of inflation and bolstering growth. “This year’s borrowing is lower than what initially the markets had expected. Lower quantum of borrowing means…it would ensure that much more resources will … Read more