New Delhi: Amidst ongoing rate cuts, bankers on Tuesday said they expect a further fall in interest rates due to ample liquidity in the banking system.

"With ample liquidity in the banking system, pressure on rates have eased," Canara Bank CMD M B N Rao said, adding that with the revision of benchmark primary lending rate (BPLR), the interest rates for home and car loans, besides loans for small and medium sector and consumer goods would come down.

Talking to reporters on the sidelines of a meeting that public sector bankers had with Finance Minister P Chidambaram, Rao said the banking industry was faced with a peculiar situation - high growth in deposit rates and fall in credit growth.

Source : PTI