₹9.7 Lakh Crore Is Sitting in India’s Banking System. Why Is That a Problem?
More money sounds like good news. So why is the RBI trying to take some of it back? India’s banking system is currently flooded with liquidity. By September 3, the surplus had reached around ₹9.7 lakh crore — one of the highest levels seen in recent years. But here’s the catch: Money sitting idle in…