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Rashtra Bank is withdrawing 50 billion from the market today after the money is too much
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Today (Monday) too, the National Bank is going to withdraw 50 billion rupees from the market after a large amount of loanable funds has accumulated in banks and financial institutions. Rastra Bank said that due to the decrease in liquidity in the financial system and the expiry of the maturity period of the previously withdrawn amount, it is going to withdraw Rs 50 billion again.
Banks and financial institutions have accumulated liquidity (loanable amount) as the demand for loans has not increased while the deposits are increasing. 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 Now that it has fallen below three percent, money is about to be withdrawn from the market again.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 invited banks and financial institutions to participate online till 3 pm today (Monday) for the purchase of deposits. It is mentioned in the notice of Rashtra Bank that when dividing by Rs.
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. Only 'A', 'B' and 'C' category banks and financial institutions are allowed to participate in deposit collection instruments. 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.
प्रकाशित : भाद्र ३१, २०८१ ११:२९
