The Reserve Bank of India (RBI) today assured that it would maintain ample liquidity in the system.
"There is plenty of liquidity in the system and we want to assure that it will be manitained," RBI deputy governor Usha Thorat said, when asked by reporters whether the central bank would change its monetary policy in view of the falling rates.
Replying to a query whether India's growth prospects would be affected due to the failing monsoon, Thorat said it was too premature to comment. "RBI will make a detailed assessment in July quarterly review of the economy," she said.
Thorat was here to inaugurate the Financial Literacy and Credit Counselling Centre promoted by Allahabad Bank. Thorat said that as indebtedness had become a major issue, Centres like these would help people seeking knowledge and making financial management in a prudent way to avoid a debt trap.
The Centre would act under the aegis of Allahabad Bank Rural Development Trust.
A total of 148 such centres promoted by the various public sector banks had been set up in the country so far.
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