India banking system liquidity surplus hits record Rs 9.71 lakh cr
Systemic surplus liquidity in India’s banking system surged to a record Rs 9.71 lakh crore as of September 2, boosted by FCNR (B) scheme flows received under the RBI.
Surplus liquidity in the banking system has surged to a record high of Rs 9.71 lakh crore, boosted by flows received under the FCNR (B) scheme of the Reserve Bank of India (RBI).According to the RBI's data, systemic surplus liquidity stood at a record high of Rs 9.71 lakh crore as on September 2.
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