RBI RATE HIKE: Liquidity adequate says PNB

 The Punjab National Bank in its reaction to the rate hikes said there is adequate liquidity in the system currently, and there will be no impact of the rate hikes on interest rates immediately. The bank does not expect a setback in credit offtake due to the rate hike.It has howeever, expressed concern over bond portfolio due to rising yields.

The ABN Amro Bank said rate hike before policy meet shows urgency.

The HDFC Bank expressed surprise at the rate hike and said it is the effect of rise in inflation.

CRISIL said the rate hike is positive for capital inflows into India.