Banking News
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Source: The Hindu BusinessLine
The Hindu BusinessLine
Source
RBI & Policy
Category
2 min
Read time
04 Sept
Published
RBI & Policy
2 min read· The Hindu BusinessLineRBI to conduct 30-day VRRR auction on Sept 7 to suck out ₹7 lakh cr surplus with banks
The Reserve Bank of India is taking big steps to manage extra cash in the banking system. A new auction will target a massive amount of surplus funds from Indian banks.
This comes in the backdrop of the banking system being awash with liquidity
#RBI
Source: The Hindu BusinessLine