Reporter
Reporter
Loan growth is expected to have further slowed down amid low demand in certain secured products, stress in the unsecured segment, and a high CD ratio across the system
This marked the highest amount banks have parked in the SDF since its introduction in April 2022
The central bank has been conducting a series of interactions with banks, seeking feedback to tide over the liquidity crunch in the banking system and improve monetary transmission
Advances of the bank grew by 20.3 per cent Y-o-Y to Rs 2 trillion
The facility carries a tenor of three years and is fully hedged, ensuring mitigation of foreign exchange and interest rate risks, the press release added
State-owned banks rushed to replenish their held-to-maturity (HTM) portfolios ahead of the auctions, further driving yields lower, according to dealers
Sequentially, advances grew 2.4 per cent, while deposits grew by 1.7 per cent, the bank said in its quarterly update