RBI Data Shows Banks’ Cash Balances at ₹8.06 Trillion; Govt Surplus Nil on Feb 16

The Reserve Bank of India (RBI) released key liquidity data for February 16, highlighting the state of cash balances and borrowing activity in the banking sector. According to Reuters, banks held ₹8.06 trillion in cash balances, while the government’s surplus cash balance with the RBI was reported as nil for auction purposes.

The RBI also provided ₹69.94 billion in refinance, supporting short-term liquidity needs. Meanwhile, Indian banks borrowed ₹9.08 billion through the Marginal Standing Facility (MSF), a window used to meet overnight liquidity requirements.

Key Highlights:

• Banks’ Cash Balances: ₹8.06 trillion on February 16.
• Govt Surplus Balance: Nil with RBI for auction on the same day.
• Refinance Operations: RBI refinanced ₹69.94 billion.
• MSF Borrowing: Banks tapped ₹9.08 billion via MSF.
• Liquidity Outlook: Reflects cautious liquidity management amid fiscal and monetary adjustments.

These figures underline the RBI’s balancing act in maintaining liquidity stability while ensuring banks have adequate access to funds.

Sources: Reuters, RBI Data Updates, Economic Times Market Watch