Lenders issued CDs worth 3.6 trillion in Q4, the highest in any quarter of the previous fiscal.
CD issuances by the banks surged 31% year-on-year in 202324, with total issuances rising to ₹9.56 trillion, compared with ₹7.28 trillion in the year-ago period.
"Tight liquidity in the banking system and high credit demand during the fourth quarter prompted banks to raise more funds through CDs," the head of treasury of a private bank told FE."The liquidity tightness has eased in the second half of March, which is a good news for banks," the person said.
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