FinMin meets bankers to sort out liquidity issue
Saturday, March 25, 2017, 4:45 PM
The finance ministry held a meeting with bankers to discuss ways to use excess liquidity in the system. There was consultation on introduction of standing deposit facility (SDF). While some bankers agreed to it, others sought more time to assess the scheme, sources said. The SDF is a tool used for sucking out surplus liquidity without the need for a collateral in exchange.