Tag: Kotak Mahindra

MUMBAI: The liquidity deficit in the banking system rose to nearly Rs 1.5 lakh crore on Wednesday because of outflows due to advance tax payments and preparations for GST remittances ahead of the second quarter close.On Wednesday, RBI said it provided liquidity support of Rs 1.5 lakh crore on Monday. Banks had borrowed a record Rs 1.97 lakh crore under the marginal standing facility and parked around Rs 46,724 crore under a special deposit facility.“We expect RBI to keep liquidity tight in the near-term in order to keep...