Thread by @Bankers_United

During the Global Meltdown India performed well compare to many developed countries like UK/US just because of that potential liquidity in system increased by Rs.5.6 trillion or 9.5 percent of the GDP. Average of daily Call money rates under impact of reduction in CRR

& Repo Rate declined from 9.9 percent in October-08 to 3.17 in May-2008. Although RBI increased liquidity significantly, the utilization of liquidity by banking system was limited because of the low credit demand from the Market &
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#BJPkilledPSUs

Defensive approach of mostly Nationalized Banks to lend money during recession makes Indian financial sector emerged with dismal damage all because of then Strong regularity framework of RBI. Bt since present Govt is adamant at policy level future seems Uncertain!!
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For FY 2018-19, RBI transferred record 1.23 Lakh crore of its surplus fund & an additional of 52637 Crore of excess provision as recommended by Jalan committee on ECF(Economic Capital Framewrk). While GDP dipped to -23.9%, where surplus gone
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business-standard.com/article/econom…