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The need for money among banks, especially for short-term funds, may turn more intense in the last month of the financial year to feed the demand for capital for tax payments and meet year-end targets. The mobilisation of funds via the certificate of deposits (CDs) has seen a threefold increase to over Rs 60,000 crore in the fortnight that ended February 23 from around Rs 20,000 crore in the fortnight of January 26, 2024, according to the Reserve Bank of India (RBI) data.

Disruptions in the Red Sea prompt a 150% increase in global container freight rates over 45 days, impacting India's foreign trade logistics and key sectors like crude oil, auto, chemicals, textiles,...

At 6.5 percent, the policy repo rate is at its highest in nearly eight years. With the government presenting an unexpectedly prudent budget on February 1, could the RBI drop a hint on February 8 that rate cuts may be around the corner?

“The primary reason for this (liquidity deficit) is that the government is not spending much. Also, this week is when the goods and services tax (GST) outflow happens,” said a treasury head of a private sector bank.

In the fortnight ended December 29, the bank deposits grew by 13 per cent on a year-on-year basis, while credit grew by 20 per cent, the latest RBI data showed.