what is inter bank claims?

Dear Student, these are the claims that one bank has over the other banks. We know that banks need to maintain the minimum cash reserves as per the central bank guidelines on daily basis. However, often it happens that on one particular day, few banks fall short of funds to maintain this statutory cash reserves. In situation like this, such banks ask other banks (which have surplus funds on that day) to lend them the required funds. The borrower bank then refunds the amount so borrowed on the days it runs surplus balances. Such transactions between the banks are termed interbank claims. 

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