According to Ms. Chanda Kochhar, CEO and Managing Director, ICICI Bank, it expects lending rates to go up after September as credit offtake is likely to pick up in the second half of the current fiscal.
On base rate, Kochhar said that it has already been announced and lending rates are getting realligned with base rate.
Asked about her expectation from the Reserve Bank's policy review, scheduled for July 27, she said there is a need to balance between checking inflation and ensuring that growth goes back to the old level of 9 per cent.
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