Mon, 09 Jul 2012 19:45:00 GMT | By IANS

Bankers ask RBI to ease liquidity

Mumbai: Top bankers Monday urged the Reserve Bank of India (RBI) to ease liquidity in the banking system to help revive industrial growth.


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.

(Continued)
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