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RBI says it is open to liquidity needs, ahead of shadow banker meeting

Business Finance

Reuters  |  NEW DELHI 

By Aftab Ahmed and Manoj KumarNEW DELHI (Reuters) - The Reserve Bank of India (RBI) is open to infusing "need-based" liquidity into the financial system, Governor Shaktikanta Das said on Monday ahead of a meeting with the shadow banking sector, which has been hit hard by a funding crunch.Government officials have pressed the RBI over the past few months to ease lending and capital rules for banks and provide more liquidity to shadow banks.They have also urged the RBI to step up lending support for small businesses and allow the government to use more of the central bank's surplus reserves to ...

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First Published: Mon, January 07 2019. 22:00 IST