India, March 13 -- Latest data from the apex bank shows that deposit money banks channelled about N6.96 trillion into the Standing Deposit Facility on March 11 before the figure eased slightly to around N6.69 trillion the following day.

The facility allows banks to earn overnight interest on idle funds rather than keeping the cash unused.



The rise in deposits points to a growing pool of liquidity in the banking sector, partly driven by repayments from maturing government securities, which recently injected fresh funds into the market.



The News Chronicle gathered that about N1.5 trillion returned to investors during the period as Treasury bills and government bonds matured, boosting cash levels among banks and institutional invest...