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Based on the outstanding deposits of the previous financial year, an incremental sum, perhaps 5%, can be designated as market-based deposits. Subsequently, banks can align the use of these funds to lend to borrowers matching the specified profile. For instance, if the deposit is linked to a 10-year G-Sec bond or a one-year treasury bill, a similar benchmarking should be allowed within the extended EBLR system, enabling banks to maintain the spread. ....
Currency with the public has dropped by Rs 1.56 lakh crore to nearly Rs 32.2 lakh crore as on July 28 from Rs 33.7 lakh crore on May 19. The decline has been due to RBIs move to withdraw Rs 2,000 notes — with most now deposited in banks. ....