While increasing the repo rate by 50 bps to 5.9%, RBI Governor Shaktikanta Das said the MPC has decided to remain focused on the withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth.
Indian Bank raises deposit rates by 15 basis points
Indian Bank managing director Binod Kumar had said earlier that the bank does not have surplus liquidity as it shed Rs 10,000 crore of bulk