Govet surplus cash balance reckoned for auction stands at Rs 75,457 cr

MoneyThe government’s surplus cash bank balance reckoned for auction with Reserve Bank of India (RBI) stands at 754.57 billion rupees ($12.11 billion) as of April 7, RBI said.

According to report, this is the first release of the data after the Reserve Bank of India said they will publish the amount the government keeps with the central bank for auctioning among banks for greater transparency of the interbank liquidity.

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.