RBI Liquidity Watch: Banks Hold ₹7.38 Trillion but Still Tap Emergency Borrowings

The Reserve Bank of India (RBI) has published detailed liquidity statistics for February 11, 2026, providing a snapshot of the financial system’s cash flows and borrowing activity.

Key Highlights:

• Banks’ Cash Balances: Stood at ₹7.381 trillion, reflecting available liquidity with commercial banks.
• Government Surplus Cash: Surplus cash balance with RBI for auction purposes was nil, indicating no excess funds parked by the government.
• Refinance Operations: RBI extended ₹74.85 billion in refinancing, supporting short-term liquidity needs.
• Marginal Standing Facility (MSF): Indian banks borrowed ₹7.16 billion under MSF, a window used to meet emergency liquidity requirements.

These figures underscore the RBI’s active role in balancing liquidity across the banking system while ensuring stability in monetary operations. The absence of government surplus cash highlights tighter fiscal positioning, while MSF borrowings reflect banks’ short-term funding requirements.

Sources: Reuters, Reserve Bank of India