Banks have raised significant funds through a special deposit program. These funds are expected to be absorbed over time, reducing the likelihood of excessive lending. A banking leader has commented on the timeline for deploying the available liquidity, suggesting it will take several months.

The comments were made in response to concerns about the impact of surplus liquidity on lending growth. Further information is available on the potential effects of these funds on banking operations.

Details about the specific amount of funds raised by one major bank are not being disclosed, although a target had been set earlier.