Banks do not want monetary actions that have direct implications on interest rates, as they are grappling with high deposit and lending rates amid flush liquidity and stagnant credit growth. Bankers, led by O P Bhatt, chairman of State Bank of India (SBI), today met the RBI governor Y V Reddy as part of the central bank

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First Published: Oct 04 2007 | 7:16 PM IST

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