There is no need for banks to raise rates at this point as there

RELATED ARTICLES SBI rallies again as analysts upgrade Central Bank says it needs over Rs 14,000 cr for Basel III Union Bank Q4 net up 29.4% to Rs 773.19 cr Banks may need up to $50b extra equity: Fitch Banks must maintain 7 per cent core capital: RBI

is abundant liquidity in the system and credit is expected to be slightly low in the first six months of the year, M.V. Nair, chairman of the Indian Banking Association, said on Monday.

Nair, who is also chairman and managing director of state-run Union Bank, said he does not see Union Bank raising rates at least in the first quarter of the current fiscal year.