Banks still averse to lending: Trade Secy

The RBI has cut its lending rate by 350 basis points and taken a series of steps to infuse liquidity.

Written by Reuters | New Delhi | Published:February 20, 2009 9:18 am

Banks are still averse to stepping up loan disbursement despite adequate liquidity,the trade secretary said on Thursday.

G.K. Pillai also said he expected a pick up in growth in the the commercial vehicles segment between March and May.

Since October,the Reserve Bank has cut its key lending rate by 350 basis points and taken a series of steps to infuse liquidity to help industry ward off the global slump.

For all the latest News Archive News, download Indian Express App

    Live Cricket Scores & Results
    Express Adda