Banks go on borrowing spree, foreign banks lend big time

Mahalakshmi Hariharan
Posted: 2008-10-11 02:34:16+05:30 IST
Updated: Oct 11, 2008 at 0234 hrs IST

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Green energy attracts global players 'Millionaires to rise in India despite slowdown'3 banks raise non-resident deposit rates Centre sends out 11.5% rate signal

Mumbai, Oct 10: liquidity for banks to lend for productive purposes,” said Venkatesh. According to Golak C Nath, vice-president & economic advisor with CCIL, there may be another round of a cut in CRR by 50 bps to check liquidity.

“With the CRR cut happening, we can now expect the call rate, repo and CBLO rate to ease,” said Nath....

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