'Liquidity will be comfortable by July end'

Chairman of State Bank of India and Indian Banks Association, Om Prakash Bhatt in Mumbai on Monday, opined that the cash crunch in the banking system should begin to ease by the end of July 2010. It may be recalled that cash available with banks have been tightened after telecom companies pulled out more than $21 billion to pay for 3G licences and broadband spectrum in late May and June.