According to Mr. O P Bhatt, Chairman, State Bank of India, lending rates are unlikely to rise in the next 3-4 months as hiking rates in a low-demand scenario could hurt the margin of the bank. Mr Bhatt hinted that the State Bank is also unlikely to increase the interest rates for its depositors in the near future.
SBI has a liquidity surplus of around Rs 75,000 crore and its maintenance cost had adversely impacted its third quarter numbers.
Source: http://www.thehindubusinessline.com/blnus/17201820.htm
LENDING RATES WILL NOT RISE TILL MAY-JUNE: SBI CHAIRMAN
Labels: BANKING N FINANCE
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