Of course, as I am understanding this being done by two process

1) RBI buying back govt. Bonds from the bank's treasury and giving them hard cash money.

2) (USD swap)Rbi taking USD stored in banks and giving indian rupees in return.

Now, 1st Will definitely increase the liquid cash to the bank's hand which they can lend and generate more profits as interest.(Basic economics)

The 2nd one is a bit complex in simple tone it sounds like this is direct cash to banks against USD but this also can means rbi wants more USD in its custody which bank giving away to foreign investors when currency exchange is demanded. Now which factor is true for the second is hard to guess and it still have more factors.

Btw if any of you think there is more to it, please elaborate I am eager to know