Guwahati, Aug 24 (PTI) State Bank of India Chairman Rajnish Kumar on Saturday said most banks have a comfortable liquidity position and emphasised the need for credit flow in the economy.

Kumar also said that India is a part of the world economy, and if there are global headwinds, "we cannot remain unimpacted".

"Banks like SBI are sitting on a comfortable liquidity position. What is needed is flow of credit. There is some new trend about aggregator model... people prefer to use Ola, Uber for their transport. There is some shift visible from people wanting ownership of vehicles. This is a global trend and India is not an exception," he told reporters here.

To another question, Kumar said recent data about growth rates coming down is "not sign of recession".

The SBI chief said he had a meeting with Assam government officials here, and received "valuable" feedback on the initiatives taken by it.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)