Bankers to meet RBI bosses today

Jul 12, 2010 |

Correspondent

Top executives of public and private sector banks will meet RBI deputy governor, Mr Subir Gokarn, on Monday as part of the customary pre-credit policy deliberation to discuss various issues, including tight liquidity condition and base rate implementation.
As many as 12 CEO of leading public sector, private sector and foreign banks are expected to be part of the meeting.
According to Bank of Baroda chairman and managing director, Mr M.D. Mallya, it is a pre-policy meeting where the macro economic situation will be discussed. Besides, the meeting would also take stock of credit growth, liquidity condition, interest rate scenario among other things, he said. Even the implementation of new lending rate system — base rate — could come up for discussion, said another banker.

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