State-run lender Punjab National Bank (PNB) today ruled out any increase in interest rates in the near future saying there is enough liquidity in the system.
"There is no problem of liquidity... (therefore) no possibility of interest rates going up now," PNB Chairman K R Kamath told reporters here.
He further said that daily transactions in repo and reverse repo (short term lending and borrowings by banks from RBI) are in the range of Rs 50,000 crore to Rs 1 lakh crore, reflecting comfortable liquidity position.
On the question of bank raising funds from the capital market, Kamath said bank has adequate capital and was not contemplating to raise funds from the market.
However, he added that the bank raises debt from time to time and keeps an eye on the development in the debt market.
