5 Minutes Read
Money Matters: Why aren’t banks lending?
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Listen to the Article (6 Minutes)
Summary
For the past many months, banks have been parking about Rs 6 lakh crore to Rs 7 lakh crore on a daily basis with the Reserve Bank of India (RBI) for an overnight period for just 3.35 percent. This has drawn a lot of criticism, with experts questioning banks as to why they aren’t lending …
For the past many months, banks have been parking about Rs 6 lakh crore to Rs 7 lakh crore on a daily basis with the Reserve Bank of India (RBI) for an overnight period for just 3.35 percent. This has drawn a lot of criticism, with experts questioning banks as to why they aren’t lending loans instead of parking money for such a low interest rate?
CNBC-TV18’s Latha Venkatesh explains what the reality is on ‘Money Matters’.
Professor Ananth Narayan has explained this concept in detail on www.cnbctv18.com. Read here:
VIEW: Easy to call banks lazy, but one needs to ask why aren’t they lending
How the Indian banking system works and money is created – An explainer
To watch other videos in this series, click the Money Matters tab below.
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