RBI Data Shows Banks’ Cash Balances at ₹7.61 Trillion on January 23

India’s central bank released key liquidity data for January 23, highlighting the state of cash balances and borrowing activity in the financial system. According to the RBI, banks held cash balances worth ₹7.61 trillion, reflecting strong liquidity conditions. Meanwhile, the government’s surplus cash balance with the RBI for auction was reported as nil, indicating no excess funds available for market deployment.

The RBI also noted refinancing operations amounting to ₹132.52 billion, underscoring ongoing liquidity management measures. Additionally, Indian banks borrowed ₹270 million through the Marginal Standing Facility (MSF), a window used to meet short-term liquidity mismatches.

Key Highlights

• Banks’ Cash Balances: ₹7.61 trillion as of January 23.
• Government Surplus Cash Balance: Nil with RBI for auction.
• Refinancing Operations: ₹132.52 billion conducted on January 23.
• MSF Borrowing: Banks borrowed ₹270 million via RBI’s Marginal Standing Facility.
• Liquidity Outlook: Data reflects stable liquidity conditions with limited short-term borrowing needs.

Sources: Reuters, RBI Data Release