The Reserve Bank of India’s (RBI) measures and seasonal tax payments have helped ease banking system liquidity from its recent peaks. The system liquidity stood at Rs 4.92 lakh crore as of Monday, sharply down from an average surplus of Rs 10.34 lakh crore in the first two weeks of September. It touched a record high of Rs 11.16 lakh crore as on September 6, according to the RBI data. The surge in banking system liquidity was largely driven by strong inflows through FCNR(B) deposits. Banks have mobilised $132.98 billion via the special deposit scheme, the latest data showed.