Banking liquidity has declined to Rs 0.95 lakh cr from a peak of Rs 2.86 lakh cr: Union Bank report

Liquidity in the Indian banking system has fallen significantly this month, according to a Union Bank of India report. It has dropped from a peak of Rs 2.86 lakh crore to Rs 0.95 lakh crore by August 28. This decline continues despite government and RBI appeals for banks to boost liquidity.