Banks are parking surplus funds in mutual funds and government bonds in the absence of attractive lending opportunities. Investment
by them in mutual funds surged to . 60,883 crore on November 15 from .
27,090 crore at the end of September, despite the Reserve Bank of India
(RBI) wanting the
institutions to focus on the core business of lending. As for
government bonds, the banks have exceeded the minimum statutory
liquidity ratio of 23% of deposits by close to 7 percentage points...........
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