As liquidity tightens, bank CD sales jump 3-fold in FY23: RBI policy report

The RBI's March bulletin had said that banks' fund mobilisation through CD issuances was Rs 6.3 lakh crore in 2022-23 up to March 10, as against Rs 2 lakh crore a year ago. The sharp increase in issuance of CDs came amid tighter liquidity conditions as the RBI moved to withdrawal of policy accommodation in the previous financial year and booming demand for credit.

from Banking/Finance-Industry-Economic Times https://ift.tt/71gZSnp