“Overall, the system liquidity is in huge surplus since June 1. We have also announced a liquidity back stock for banks to implement the NBFC package announced by the FM in the Budget. We have also decided to frontload the FALLCR, which will infuse additional liquidity,” Das said in a press conference after chairing the customary post-Budget board meeting of the central bank. Finance Minister Nirmala Sitharaman addressed the central board of directors.
Financial system's liquidity is in 'huge' surplus, says RBI governor
Das said the central bank will provide a backup "if individual banks require additional liquidity"
 "Nirmala Sitharaman with Shaktikanta Das and Finance Secretary Subhash Chandra Garg (right) in New Delhi on Monday | photo: sanjay k sharma")
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Nirmala Sitharaman with Shaktikanta Das and Finance Secretary Subhash Chandra Garg (right) in New Delhi on Monday | photo: sanjay k sharma
“Overall, the system liquidity is in huge surplus since June 1. We have also announced a liquidity back stock for banks to implement the NBFC package announced by the FM in the Budget. We have also decided to frontload the FALLCR, which will infuse additional liquidity,” Das said in a press conference after chairing the customary post-Budget board meeting of the central bank. Finance Minister Nirmala Sitharaman addressed the central board of directors.
Topics : Shaktikanta Das NBFCs
First Published: Jul 08 2019 | 10:21 PM IST
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