RBI’s withdrawal of ₹2000 banknotes to boost system liquidity; positive for banks, NBFCs, say analysts2 min read 22 May 2023, 10:30 AM IST
Analysts also expect the development will help banks meet anywhere around 8% of the incremental requirement for FY24 and provide near-term support to the tight deposit conditions.
The Reserve Bank of India’ s (RBI) move to withdraw the highest denomination currency note from circulation may improve the banking system liquidity and is likely to be short-term positive for both banks and NBFCs, economists and analysts said.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started
Select your Category