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2012, May 23

No Plans to Raise Lending Rates, say Indian Bankers

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No Plans to Raise Lending Rates, say Indian Bankers

by CFO Innovation Staff, 01 April 2010
topics:
Bank Borrowing/Credit Lines Corporate Finance Finance and Banking
tags:
lending rates Reserve Bank of India
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Low credit demand is preventing Indian bankers from raising lending rates for the next one month, reports the Economic Times.

 

Bank chiefs, who are scheduled to meet Reserve Bank of India (RBI) governor D. Subbarao on Monday, hope the cash reserve ratio will be maintained at current levels to ensure liquidity to meet credit demand, says the Times.

 

The Times notes that the bankers expect the central bank to raise the repo and reverse repo rate in the policy to anchor inflation expectations. 
 

Original Article URL: 
Bankers to tell RBI no rise in lending rates soon
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CFO Innovation Staff
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