RBI Infuses ₹48,014 Crore into Banking System Through 7-Day VRR Auction

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RBI Injects ₹48,014 Crore into Banking System via 7-Day VRR Auction

Expressions of Interest were invited in January 2023, with investors including Fairfax Financial Holdings, Emirates NBD and Oaktree Capital Management clearing the RBI's fit-and-proper criteria. Kotak Mahindra Bank had also joined the race. Due diligence by potential bidders began in August 2025, and the Department of Investment and Public Asset Management had earlier said that a core part of the transaction would be completed by March 31, 2026.

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CNBC TV18•17-03-2026, 17:52

RBI Injects ₹48,014 Crore into Banking System via 7-Day VRR Auction

•The Reserve Bank of India (RBI) injected ₹48,014 crore in transient liquidity into the banking system through a seven-day variable rate repo (VRR) auction.
•Funds were infused at a cut-off rate and weighted average rate of 5.26%.
•The injected liquidity was significantly lower than the notified amount of ₹1.50 lakh crore, despite a sharp drop in surplus liquidity due to advance tax payments.
•Liquidity in the banking system is expected to tighten further after GST payments later this week.
•RBI has infused ₹3.50 lakh crore of durable liquidity through open market purchase (OMO) of government securities since January 2026.

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