Finmin, bankers to meet on utilising excess liquidity

The Finance Ministry has called a meeting of bankers on Thursday to discuss the ways to utilise the excess liquidity in the system. The meeting to be attended by heads of select large banks will be chaired by Economic Affairs Secretary Shaktikanta Das. Besides, RBI top officials including a Deputy Governor are also expected to attend. The demonetisation announced by Prime Minister Narendra Modi on November 8 has led to a huge surge in deposits with scrapped notes of Rs 500 and 1000 being parked with banks.