Reserve Bank Deputy Governor K C Chakrabarty today allayed fears of excess liquidity in the banking system and said the apex bank will take measures when necessary.
“In our view, it is adequate liquidity (in the financial system),” Chakrabarty told reporters on the sidelines of a conference. He said the RBI would take necessary measures if it found that the liquidity was excess in the system.
Chakrabarty also said the government borrowings did not pose any major concern. Earlier speaking at the conference, Chakrabarty said that there is a need for massive investments in the country's education sector.
He also called for more efforts from banks to promote financial inclusion to take banking benefits to the nearly 50 per cent unbanked population of the country.
