RBI is said to provide banks with Rs. 1 lakh crore in this month through longer tenure instruments for meeting the need of funds amid cash crunch towards the fiscal year end.
RBI To Provide Rs 1 Lakh Crore In March To Offset Cash Crisis
In a notification, the apex bank said it is, "prepared to inject adequate additional liquidity using a combination of appropriate instruments". The provision shall be in place over and above the normal course of Liquidity Adjustment Facility operations.
Further the notification of the bank says, "After reviewing the current and evolving liquidity conditions in the banking system, it has been decided to conduct additional variable rate repo operations for longer tenors to provide additional liquidity support to the banks during March 2018."
The central bank will engage in 4 variable rate term repo auctions valuing Rs 25,000 crore each in March 2018.
With PTI Inputs
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google