Indian banks cannot 'perennially' rely on RBI money to support credit offtake: Governor Das

"When there is a credit offtake, banks can sustain and support that credit offtake only if they have higher deposits. They cannot be relying on the central bank money on a perennial basis to support credit offtake...they have to mobilise their own resources and funds," Reserve Bank of India Governor Shaktikanta Das said during the post policy meeting.

from Banking/Finance-Industry-Economic Times https://ift.tt/oBhbXd7