Bankers ask RBI to ease liquidity
Executives of leading lenders including State Bank of India, ICICI Bank, HDFC Bank, Axis Bank and Punjab National Bank met RBI Deputy Governor Subir Gokarn and requested for easing the liquidity.
The central bank hold discussion with the bank representatives ahead of the first-quarter review of the monetary policy which is scheduled July 31.
"Right now liquidity is alright. But, should the liquidity get tighter, the RBI should come in there," Chairman of the Indian Bank Association Alok Misra told reporters after the meeting.
Misra, who is also the chairman and managing director of the government-run Bank of India, said the central bank should ease liquidity in the system to give a boost to industry.
The Delhi Police is likely to conduct more raids in connection with the IPL spot-fixing scandal. Teams of the Delhi Police's special cell have been sent to Mumbai, Ahmedabad, Hyderabad, and Kolkata to conduct searches and track the money trail in the IPL spot-fixing case.
Date 14 hrs ago, Duration 1:21, Views 186