India’s Experience with Cash Management

  • Vijay Singh Chauhan
Part of the India Studies in Business and Economics book series (ISBE)


The objectives of cash management are to maximize liquidity, control cash flows and maximize the value of funds, while minimizing the cost of funds. The Indian cash management system is still underdeveloped and there is further scope for improvement to deliver “more bang for the buck”. The paper highlights basic objectives of cash management policy, in general, and reviews the cash management system in Central Government, highlighting some of its salient features as it has evolved overtime. Cash management in India has largely been passive though in recent years, auctioning of government’s cash balances has been initiated.


Monetary Policy Cash Flow Central Bank Treasury Bill Fiscal Deficit 
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Copyright information

© Springer India 2016

Authors and Affiliations

  1. 1.Department of RevenueMinistry of Finance, Government of IndiaMumbaiIndia

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