RBI Governor Sanjay Malhotra voiced concerns about dwindling liquidity in India’s call money market, potentially hindering monetary policy transmission. He urged banks to ensure seamless transmission of RBI’s liquidity measures to the broader market. With surplus liquidity averaging ₹1.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.