RBI to maintain ample liquidity: Thorat

Agencies
Posted: Friday, Jun 26, 2009 at 1354 hrs IST
Updated: Friday, Jun 26, 2009 at 1354 hrs IST

Font Size

Feedback

Discuss

No immediate plans to slash deposit rates: UBI 3 UTI stakeholders to sell shares to T Rowe Bank of Maharashtra cuts loan, deposit rates

Kolkata: The Reserve Bank of India (RBI) assured on Friday that it would maintain ample liquidity in the system.

"There is plenty of liquidity in the system and we want to assure that it will be manitained," RBI deputy governor Usha Thorat said, when asked by reporters whether the central bank would change its monetary policy in view of the falling rates.

Replying to a query whether India's growth prospects would be affected due to the failing monsoon, Thorat said it was too premature to comment. "RBI will make a detailed assessment in July quarterly review of the economy," she said.

Thorat was here to inaugurate the Financial Literacy and Credit Counselling Centre promoted by Allahabad Bank. Thorat said that as indebtedness had become a major issue, Centres like these would help people seeking knowledge and making financial management in a prudent way to avoid a debt trap.

The Centre would act under the aegis of Allahabad Bank Rural Development Trust.

A total of 148 such centres promoted by the various public sector banks had been set up in the country so far.

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.