Banks express concern over liquidity ahead of advance tax outflow and GST

Last updated: 13 June 2023 Follow on Google News

The Reserve Bank of India (RBI) conducted a variable rate reverse repo (VRRR) auction on Friday, but banks remained reluctant to park funds with the central bank. This is because banks are expecting over Rs 2 trillion outflows this month, due to advance tax payments and Goods and Services Tax (GST)

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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