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Economy News
27 Jul 2010 | 18:20
With credit off take picking up amid tight liquidity, banks need to focus on deposit mobilization.
Commenting on the First Quarter Review of the Annual Monetary Policy 2010-11, K. K. Sharma, Executive Director, Bank of Rajasthan said, “By raising policy rates as expected, RBI has signaled continuance of phased withdrawal of easy liquidity conditions, yet at the same time care not to hurt the overall growth story.

Inflation continues to be a worry as evidence by RBIs hiking inflation target from 5.50% to 6.00%. With credit off take gradually picking and tightening of liquidity, banks will need to focus on task of deposit mobilization.

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