Banks cutting rates to use liquidity available, says Arun Jaitley

span.p-content div[id^=div-gpt] { line-height: 0px; font-size: 0px;} Banks have been cutting rates in the recent times as they want to use liquidity available with them, Finance Minister Arun Jaitley on Tuesday said in the Rajya Sabha as some parties, including ruling NDA, said demonetisation did not have positive impact on credit growth.

Shiv Sena member Sanjay Raut said it was claimed that demonetisation would have positive effects on credit growth but that did not seem to be happening while there were also concerns related to banks cutting down staff.document.write(""); googletag.cmd.push(function() { googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop', 'div-gpt-ad-1490771277198-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().enableSyncRendering(); googletag.enableServices(); });

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