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Reserve Bank Governor responds to recent SBI note

MUMBAI (CU)_Since the beginning of last year, the Reserve Bank of India has facilitated low cost of credit for individuals as well as businesses which were grappling with the economic downturn brought about by the pandemic. The central bank did so by maintaining a large liquidity surplus in the country’s banking system.

However, last month, the largest public sector bank in the South Asian nation warned…

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