Banks to deploy excess liquidity over next few months: RBI DG
MUMBAI: RBI deputy governor Rohit Jain on Thursday said banks are expected to deploy additional liquidity from foreign currency non-resident deposits over the next few months, as credit demand is likely to be strong during the festive season.Under the special Foreign Currency Non-Resident (FCNR-B) deposit scheme, banks have mobilised $133 billion. The scheme closed on […]
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