With liquidity position in the system comfortable, credit growth is expected to pick up soon, V P Shetty, chairman and managing director of IDBI, said today.Shetty said comfort on the liquidity front could be gauged from the fact that RBI was absorbing excess liquidity from the system through the reverse repo route.On credit pick-up, he said: "We have given lots of sanctions, and now is the time for their disbursal. We are giving fresh retail credit of around Rs 350 crore every month."There has also been an accretion of Rs 2,000 crore to IDBI's deposit base of Rs 26,000 crore since March, Shetty said.On IDBI hiking interest rates, he said any action on this would depend on various factors like resources and credit demand. "We hold discussions on the matter every fortnight, and we will take a view depending upon our requirements," Shetty said.
