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

146

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.

The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the BFSI industry. Join Us for 4th BFSI CTO Summit, Mumbai and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.