Banks borrowings from RBI rise 331% to Rs 1 trn by mod-November: Data

Banks have been raising a large amount of funds through the Reserve Bank of India’s (RBI) liquidity window in the last two months. RBI data shows that borrowings by commercial banks from the RBI has grown by 331.6 per cent, year-on-year, to Rs 1.06 trillion by mid-November.

In the same period during November 2017, banks had borrowed Rs 247 billion from the RBI’s repo, reverse repo and term repo and other liquidity adjustment facilities (LAFs).

Bank credit growth is up by 14.88 per cent to Rs 91.1 trillion, as of November 09, compared to Rs 79.3 trillion, one year ago.