Mr O.P. Bhatt, Chairman, State Bank of India, and Chairman of Indian Banks' Association

There have been concerns regarding liquidity. The Reserve Bank of India has not touched the CRR or SLR but they have extended the liquidity support measures till April 8.

Their thinking could be that by March some of the liquidity issues could be resolved as government spending picks up and as banking system gets more money as banks increase deposit interest rates.

Ms Chanda Kochhar, MD and CEO, ICICI Bank

Home loan, car loan and deposit rates move in a broad pattern. They take into account the liquidity in the system, the credit growth, the deposit rates and the key policy rates. Broadly, taking account all these factors, there is an upward bias in interest rates. When and how much the rates will be increased will vary from bank to bank.

Mr K.R. Kamath, Chairman and Managing Director, Punjab National Bank

RBI's anxiety is that whether banks are using the daily borrowing to fund their credit growth, which can create a systematic problem for tomorrow. So the message is — use your long-term resources to fund your lending. If banks can't find resources, probably credit flow growth will come down.

Mr M.V. Nair, Chairman and Managing Director, Union Bank of India

The key concern is the mobilisation of deposits or resources to support credit growth. Most of the banks have increased deposit rates; and as of December 31, deposit growth has grown to 16.5 per cent. It may reach 18 per cent. If it doesn't, we may have to raise deposit rates, which will in turn increase base rates.

Mr M.D. Mallya, Chairman and Managing Director, Bank of Baroda

The growth in credit in the last quarter of last year was substantial. Perhaps because of this, credit growth will be 20-21 per cent this year and we should be able to meet the requirements by raising deposits. We should see a 17-18 per cent deposit growth.

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