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Rashtra Bank withdrawing 1 billion from the market after the money is too much
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Accumulation of loanable funds in banks and financial institutions has not stopped. Banks and financial institutions have accumulated liquidity (loanable amount) as the demand for loans has not increased while the deposits are increasing. This is why the National Bank is going to withdraw one trillion rupees from the market on Sunday for liquidity management.
Rastra Bank is going to withdraw the amount for 21 days through the deposit collection tool for liquidity management. After the inter-bank interest rate fell below three percent, the National Bank has said that it is going to withdraw money from the market again.
According to the current system, when the inter-bank interest rate is below three percent, the National Bank has to withdraw money from the market, and when it exceeds 6.5 percent, it has to send money to the market. Now that it has fallen below three percent, money is about to be withdrawn from the market again.
The National Bank of India has called on banks and financial institutions to participate online till 3 pm today (Sunday) in order to collect deposits. It is mentioned in the notice of Rashtra Bank that when dividing by Rs. 10 crores and 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.
प्रकाशित : भाद्र २३, २०८१ १४:१८
