Banking liquidity deficit hits highest in 6 months on advance tax payments

Quick Summary:

Gross NPAs of public sector banks at Rs 3.16 trn, 3.

The rupee hit a new record low of 84.9337 per dollar on Tuesday.

A typical increase in cash withdrawals from banks toward the end of the year due to festive demand is also contributing to the deficit.

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Category: BusinessFinance

Markets: India

Topics: Banking liquidity deficit Banking liquidity Indian banking sector Advance tax payment

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 14:55:31 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 385 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24500075

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