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Our Bureau

Mangalore, April 27

Mr B. Sambamurthy, CMD, Corporation Bank, has said that it "looks like no pain and all gain only" credit policy. There is no tightening and nothing that would add to the cost of funds at this point of time. The repo facility for corporate bonds would have good implication on the liquidity.

Mr Anantakrishna, Chairman, Karnataka Bank, termed the policy as a stability-oriented one. The aspects such as fixing of risk weights at 50 per cent for housing and gold loans give a little comfort level to the banks.

Mr Anil Jaggia, COO of Centurion Bank of Punjab, said: "The RBI is not looking at tightening more than it should, because tightening too much may strangle the economy," he said.

Mr Mohan Shenoi, Treasurer of Kotka Mahindra Bank, said the RBI expects a growth of 8.5 per cent and an inflation of around 5 per cent for FY08. The money supply and credit growth targets are lower than the current levels. "This leads to expectations of more monetary tightening in the days ahead," he said.

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