Funding and debt● Neutral for Indian equities
Banks cut CD borrowings by Rs 1.3 lakh crore in a month amid RBI liquidity boost
The brief
- Banks cut outstanding certificate-of-deposit borrowings by ₹1.3 lakh crore in a month
- Lower CD issuance eases banks’ funding costs; the liquidity boost may affect deposit and lending competition
- Airlines urge govt to unlock delayed ECLGS funds
- Priming the market for a repo rate hike? RBI announces bigger VRRR auction
- RBI may continue liquidity absorption as it begins rate-hiking cycle
- Airlines seek ministry intervention to speed up delayed ECLGS 5.0 disbursements
- RBI to hold Oct 6 overnight VRRR auction after absorbing ₹2.10 lakh crore