Home / Knowledge / News / FICCI urges banks to align lending and deposit rates
FICCI urges banks to align lending and deposit rates
31
Jul '09
Maintenance of status quo on key policy rates has been in line with the general expectations. There are signs of revival in business confidence and a some reduction in policy rates at this stage would have helped to provide fillip to corporate investment and thereby boost economic growth, said Mr Harsh Pati Singhania, President, FICCI.

It is also essential that liquidity is managed actively so that demand for private sector at viable rates is taken care of while Govt. borrowings are met. FICCI welcomes RBI Governor's observation in this regard.

There is a noticeable gap between deposit and lending rates of banks and FICCI President Mr Harsh Pati Singhania added that "we hope an alignment of the rates would be effected soon". While the public sector banks have put in more effort to bring lending rates in line with deposit rates, the private banks need more to align the rates, he added.

RBI has projected a GDP growth of 6% with an upward bias for the current financial year. FICCI also feels that based on its own studies and surveys, the growth rate should be in the range of 6-6.5%.

Federation of Indian Chambers of Commerce and Industry

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search