Banks switch to overnight window to park surplus funds
[ad_1] With an improvement in the credit growth, banks have been opting to park their surplus funds under the Reserve Bank of India (RBI)’s standing deposit facility (SDF), which is an overnight window, rather than 14-day variable rate reverse repo (VRRR) auctions. As the 50-basis-point (bps) hike in the cash reserve ratio (CRR) kicked in …
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