Seeing Improvement In Liquidity: IOB
  • Elizabeth George
  • Sep 24 2013

September 24: Indian Overseas Bank Chairman M. Narendra says banks are seeing some improvement in liquidity and overnight borrowing by banks is coming down. “While the 75bps cut in MSF has helped, we also see future OMOs from the RBI to help boost liquidity,” he says. He does not see the necessity to hike lending rates and says the focus should be on finding alternate sources of funds.