February 20, 2010
SBI lending rate won’t rise till May-June: O P Bhatt
Posted by: admin : Category: Current affairs
State Bank of India (SBI) Chairman O P Bhatt today said 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.
“That (increasing lending rates) may not happen till May-June till the liquidity surplus goes away from the system,” O P Bhatt told reporters on the sidelines of an event here.
