RBI conducts 2-day VRRR auctions as liquidity in banking system nears Rs 1 trillion

Mumbai: The Reserve Bank of India on Tuesday held a two-day variable rate reverse repo (VRRR) auction due to the nearing Rs 1 trillion liquidity surplus in the banking system.

Banks request RBI to not raise CRR in next monetary policy meet

Mumbai: Banks have approached the Reserve Bank of India (RBI), requesting not to further increase the Cash Reserve Ratio (CRR) threshold in the upcoming monetary policy meeting to allow credit growth amid already tightened liquidity following the last monetary policy in early May.

Liquidity not a crisis, Sitharaman says after meeting bank chiefs

New Delhi, Sept 27 (IBNS): Union Finance Minister Nirmala Sitharaman on Thursday said liquidity is not a crisis after meeting banks and financial institutions' chiefs.

We believe liquidity needs are largely met: RBI Governor Shaktikanta Das

Mumbai, Jan 7 (IBNS): RBI governor Shaktikanta Das on Monday said steps will be taken if there is a liquidity shortage in the economy.