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Indian banking system liquidity slipped into a deficit for the first time since end-March, as the Reserve Bank of India's (RBI) temporary liquidity withdrawal and tax outflows impacted banks' funding, traders said.
Discover why Tennessee ranks among the most dangerous states in the U.S. Explore factors and data behind the crime statistics.
RBI's Digital Payments Index (RBI-DPI) stood at 395.57 at end-March 2023 compared to 377.46 in September 2022 and 349.30 in March 2022.
The reserves rose by $12.74 billion from the week earlier, the biggest gain in four months. Reserves had risen by a total of $3.08 billion in the prior two weeks.
Reserve Bank of India’s June Financial Stability Report released last week highlights that the profitability of scheduled commercial banks (SCBs) continued to improve in FY23.