We intervene in banks in the interests of depositors: RBI's Shaktikanta Das

Over the past two years we have strengthened and deepened our supervisory systems, said Das

In a post-policy virtual press meet, Reserve Bank of India (RBI) Governor Shaktikanta Das, Deputy Governor Michael Debabrata Patra, and Deputy Governor M K Jain spoke on several issues, including asymmetrical distribution of liquidity in money markets, the central bank’s recent interventions to save bank failures, the emerging non-performing assets of commercial banks, and the recent suggestions of the internal working group. Edited excerpts:
 
The three-month and even one-year money market rates are lower than the policy rate. Is it a deliberate design by the RBI to keep so much liquidity?
 
Patra: The level of liquidity is a