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Banks still averse to lending: Trade Secy

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Reuters

Posted: Feb 20, 2009 at 0918 hrs IST

New Delhi Banks are still averse to stepping up loan disbursement despite adequate liquidity, the trade secretary said on Thursday.

G.K. Pillai also said he expected a pick up in growth in the the commercial vehicles segment between March and May.

Since October, the Reserve Bank has cut its key lending rate by 350 basis points and taken a series of steps to infuse liquidity to help industry ward off the global slump.

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