Banking and RBI
RBI study: surplus liquidity of 0.6 to 1.1 per cent of NDTL keeps WACR just below repo
12 April 2026 | RBI study 'Optimal Level of Liquidity', as reported by The Hindu BusinessLine
The Hindu BusinessLine reported on 12 April 2026 on an RBI study, 'Optimal Level of Liquidity'. It says the weighted average call rate (WACR) aligns with the repo rate at different levels of liquidity in deficit and surplus conditions. Surplus liquidity of 0.6 to 1.1 per cent of NDTL (net demand and time liabilities) is likely to keep WACR 5 to 10 basis points below the repo rate, currently 5.25 per cent.
In absolute terms, using NDTL of all scheduled banks as on 30 March 2026, that surplus is Rs 1,53,242 crore to Rs 2,80,943 crore, keeping WACR at 5.15 to 5.20 per cent. A deficit of 0.4 to 0.7 per cent of NDTL, or Rs 1,02,161 crore to Rs 1,78,782 crore, would keep WACR 5 to 10 bps above the repo rate, at 5.30 to 5.35 per cent.
The report said the guiding principle of RBI liquidity management is to align the WACR, the operating target of monetary policy, with the policy repo rate, because mismatches can hamper policy transmission.
Key facts- Operating target: weighted average call rate (WACR)
- Surplus of 0.6 to 1.1% of NDTL: WACR 5 to 10 bps below repo
- Deficit of 0.4 to 0.7% of NDTL: WACR 5 to 10 bps above repo
- Repo rate: 5.25%
Exam takeaway: The operating target is the short-term rate the central bank steers to pass on its policy rate.
Quick revision: RBI study: surplus 0.6-1.1% of NDTL keeps WACR 5-10 bps below repo.
RBI study 'Optimal Level of Liquidity', as reported by The Hindu BusinessLine original sourceBanking and RBI
SEBI launches SUPCOMS, e-adjudication portal and C-SAC
10 to 12 April 2026 | Securities and Exchange Board of India, as reported by FinTech BizNews
FinTech BizNews reported on 12 April 2026 that SEBI Chairman Tuhin Kanta Pandey launched three IT solutions to improve efficiency, digitally enable quasi-judicial proceedings and strengthen cybersecurity supervision.
They are the Single Universal Platform for Communications (SUPCOMS), meant to replace email-centric interactions with SEBI and build institutional memory; a next-generation e-adjudication portal for quasi-judicial proceedings; and Cyber-Sec Audit Compliance (C-SAC), an AI-enabled platform for automated analysis of cyber audit reports of SEBI-regulated entities.
Key facts- Launched by: SEBI Chairman Tuhin Kanta Pandey
- SUPCOMS: Single Universal Platform for Communications
- e-adjudication portal: digital quasi-judicial proceedings
- C-SAC: AI-enabled cyber audit compliance
Exam takeaway: SEBI is the regulator of the securities market.
Quick revision: SEBI platforms: SUPCOMS, e-adjudication portal, C-SAC.
Securities and Exchange Board of India, as reported by FinTech BizNews original sourceAppointments, Awards and Important Days
International Day of Human Space Flight, 12 April
12 April 2026 | United Nations
The UN General Assembly, in resolution A/RES/65/271 of 7 April 2011, declared 12 April as the International Day of Human Space Flight, to celebrate the beginning of the space era for mankind.
The UN says 12 April 1961 was the date of the first human space flight, carried out by Yuri Gagarin, a Soviet citizen.
Key facts- Day: International Day of Human Space Flight
- Date: 12 April
- Declared by: UNGA resolution A/RES/65/271, 7 April 2011
- 12 April 1961: first human space flight, Yuri Gagarin
Exam takeaway: The day marks the first human space flight of 12 April 1961.
Quick revision: Human Space Flight Day: 12 April; UNGA A/RES/65/271; Gagarin 1961.
United Nations original source