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India banking industry: India's banking liquidity deficit at near 5-year high, to narrow next week

Indias banking system liquidity deficit reached its highest level in nearly five years on monthly goods and services tax payments. The deficit, which stands at Rs 1.74 lakh crore ($20.90 billion), is the highest since Dec. 26, 2018, when it had hit Rs 1.86 lakh crore. Economists are hopeful that the gap will narrow next week, as GST outflows of around Rs 1.4 lakh crore since Monday
Anitha Rangan Gaura Sengupta Soumyajit Niyogi First Bank Equirus Group India Ratings Research

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