On September 14, 2026, the banking system saw zero trading in overnight markets. Why? Because banks weren’t borrowing from each other; they were parking excess cash with the RBI, at 5% via SDF. That’s how much liquidity was flooding the system. The real story? This isn’t normal. It’s a signal; either the economy’s slowing (less credit demand) or the RBI’s sitting on a mountain of money it can’t push into circulation. For job aspirants, here’s the takeaway: when liquidity gets this tight, government borrowing slows, which could delay big infrastructure or welfare projects; the very ones that create jobs. Keep an eye on RBI’s repo rate decisions; they’ll tell you if this is temporary or the new normal. And if you’re prepping for RBI Grade B or NABARD, this is exactly the kind of macro detail examiners love to test.