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Bankers OK with current liquidity position

Bankers OK with current liquidity position
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First Published: Wed, Jun 10 2009. 11 14 AM IST
Updated: Wed, Jun 10 2009. 11 14 AM IST
New Delhi: Indian bankers are comfortable with the current liquidity position and are raising resources to meet an anticipated credit demand as the economy picks up, a top official of a banker’s lobby said on Wednesday.
“Bankers are comfortable at this point of time as far as liquidity is concerned” K Ramakrishnan, chief executive officer of the Indian Banks’ Association, told reporters ahead of a meeting with the finance minister.
“The economy is picking up, if activity is accelerated, the demand for credit will go up.”
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First Published: Wed, Jun 10 2009. 11 14 AM IST
More Topics: Liquidity | Indian economy | GDP | RBI | Bankers |