Rediff Logo
 Money
Line
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Wedding | Women
Partner Channels: Auto | Bill Pay | IT Education | Jobs | Lifestyle | Technology | Travel
Line
Home > Money > Reuters > Report
May 11, 2001 		Feedback  
  Money Matters

 -  Business Special
 -  Business Headlines
 -  Corporate Headlines
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      

 
Reuters
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page

Banks' cash with RBI at Rs 2.7 trillion till May 8

Indian commercial banks had cumulative cash balances of Rs 2.71 trillion ($57.85 billion) with the Reserve Bank of India until May 8 in the current two-week reporting period that began on May 5.

The data was released on the RBI website www.rbi.org.in on Friday.

The RBI had, in its Monetary & Credit Policy statement in April, said it will release information on banks' cash balances, maintained with the RBI as part of cash reserve ratio requirements, with a time lag to stabilise market expectations and curb volatility.

Back to top
(c) Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Tell us what you think of this report