The Hindu Business Line : `RBI Annual Policy Statement growth oriented'

THE market participants at a discussion organised by the RBI Kochi branch, on the Annual Policy statement for 2005-06 of the central bank here, have expressed their concern about likely higher inflation, especially in view of the impending increase in oil prices.

The function presided over by Mr D.N. Krishna Mohan, Regional Director, RBI, for Kerala and Lakshadweep was attended by Chairmen and Chief Executives of banks, representatives from trade and industry bodies, economists etc.

The participants termed the announcements as growth oriented.

However, they expressed the view that since market-borrowing requirements of the Government were likely to be higher during 2005-06, there could be some impact on lending rates of banks.

Trade and industry circles welcomed the initiatives taken by the RBI to improve customer satisfaction and also protecting interests of the depositors, according to an RBI release.

The emphasis given in the policy for financial inclusion, so that all section of the society is well served by banking sector, was also welcomed.

Mr M.O. Sebastian, General Manager, RBI, Kochi, spoke on the occasion.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee firms up; securities rise

SBT opens new ATM at Pazhavangadi

`RBI Annual Policy Statement growth oriented'

Union Bank Q4 net up thanks to credit growth

Non-life insurers want cap on motor third party liabilities

Oriental Insurance tie-up with Posts functional in Delhi

Monetary and Credit Policy: For orderly development of financial markets

SBI joins race to tap mid-corporates

FII holding in OBC hits limit

Global Trade Finance turnover up 136%

T-bills auction fully subscribed

Karnataka Bank lowers NRE deposit rates

State Bank of Hyderabad cuts NRE deposit rates

Left parties favour IFCI-IDBI merger

New CGM of SBI, Bengal Circle