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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
There’s surplus liquidity in the system but why is it not reflecting in credit growth? Devang Shah answers
Devang Shah, Head, Fixed Income, Axis MF, says RBI has infused close to Rs 8 lakh crore of liquidity including the announcement on OMOs and this liquidity injection is very positive and near-term liquidity problems may get sorted out. In fact, Shah’s assessment is that from here till September, we will see a positive banking liquidity and a positive durable liquidity to upwards of around Rs 2-3 lakh crore. Now they will probably have to start looking at some bit of absorption of liquidity because liquidity should be in a decent surplus.
We are looking at surplus liquidity coming into the system for the first time by the Reserve Bank of India. Do you think markets should now stop complaining? There is surplus liquidity in the system.
Devang Shah: You are absolutely right. Last year, after the entire forex intervention and significant currency leakage, durable liquidity as well as banking liquidity, both had turned negative. If you look across from June to September 2024, post the RBI dividend declaration, we were in significant surplus liquidity. From there, we went into a massive deficit liquidity. Again, thanks to all the proactive measures which RBI collectively put together including tools like CRR, VRR, OMOs, as well as this entire facility on FX, RBI must have infused close to Rs 8 lakh crore of liquidity including the announcement on OMOs.
This kind of liquidity has been infused in COVID kind of environment. So, this liquidity injection is very positive and near-term liquidity problems may get sorted. In
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21.05 / 10:17
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21.05 / 10:17
markets
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CEO
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21.05 / 09:47
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PI Industries’ weak core business keeps investors on edge
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Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
Subscribe to enjoy similar stories.Forensic audits have gained significance in today’s world of business as they serve as a useful tool for commercial lenders to investigate fraud by borrowers and/or identify other deep-seated financial irregularities. Forensic auditors are also employed by resolution professionals to report on preferential, undervalued, fraudulent and extortionate (‘PUFE’) transactions for adjudication under India’s Insolvency and Bankruptcy Code (IBC). While there is no single universal definition, several globally recognized organizations have provided widely accepted definitions (and norms) of forensic auditing.
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UPS
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