PRANAB-RATES 2LST

Another PSU lender said that a further increase in
interest rates will depend on liquidity conditions and credit
offtake in the coming months.
"Further increase in rates will depend on liquidity
position in the system and how advances pick up after
September," Bank of Maharashtra CMD Allen C A Pereira said.
The RBI, in its monetary review on July 27, raised the
short-term borrowing (reverse repo) rate by 50 basis points
and lending (repo) rate by 25 basis points to contain
inflation, which has been in double digits for five
consecutive months.
It, however, kept the cash reserve ratio -- the portion
of deposits banks are required to park with the central bank
in cash -- unchanged. PTI PPB
KAB


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