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The National Bank is going to withdraw 80 billion rupees again today (Wednesday) after the amount of money (liquidity) that can be given to the banks and financial institutions has increased. Rastra Bank is going to withdraw the amount for 42 days through the deposit collection tool for excess liquidity management.
For this purpose, the National Bank has invited the banks and financial institutions to participate online till 3 pm. It is mentioned in the notice of Rashtra Bank that when dividing by Rs.
Only 'A', 'B' and 'C' category banks and financial institutions will be allowed to participate in the talk of deposit collection equipment. It is also mentioned in the notification of Rashtra Bank that the deposit collection equipment purchased in this way can be used as collateral in other banks and financial institutions.
The Rastra Bank has stated that the negotiation of deposit collection will be done on the interest rate, while the multi-interest rate can also be negotiated on multiple interest rates.
With the beginning of the new financial year, the amount that can be loaned to banks and financial institutions (excess liquidity) has increased even more. According to the data of Rashtra Bank, the amount that could be loaned was an average of Rs.
Total deposits in banks and financial institutions as of mid-June (last Wednesday) are 72 trillion 92 billion rupees. During the same period, the credit deposit ratio (CD ratio) of banks and financial institutions is 75.78 percent.
According to the directives of the National Bank, banks and financial institutions can lend up to 90 percent of total deposits. During the same period, the total loan disbursement of banks and financial institutions is 56 billion rupees. Based on the mentioned data, it seems that banks and financial institutions have excess liquidity of 10 trillion 50 billion rupees at the end of June. But banks and financial institutions must keep 20 percent of their total deposits in cash in the bank. All banks maintain liquidity at a rate of 20 percent and spend the same amount as a CD ratio of about one percent.
Therefore, although banks and financial institutions are allowed to maintain a CD ratio of up to 90 percent of deposits, as they have to maintain 20 percent liquidity, they can go up to 89 percent. Even if these facts are taken as a basis, experts say that the financial system has an amount of Rs. This is why the National Bank has been withdrawing money from the market for a long time in recent days.
