SBI not in a hurry to raise rates now: Chairman
Quotes

SBI not in a hurry to raise rates now: Chairman

Last Updated: Tuesday, October 25, 2011, 17:45
 
 Comment 0
 
SBI not in a hurry to raise rates now: Chairman
Mumbai: State Bank of India, the country's top lender, is not in a hurry to raise interest rates now, its Chairman Pratip Chaudhuri said on Tuesday.

"We don't see pressure now. Banks are comfortable with the liquidity now. Banks will not be desparate to raise rates," Chaudhuri said at a post policy bankers' meeting with media.

Earlier in the day, the RBI raised interest rates for the 13th time since early 2010 to battle stubbornly high inflation but signalled it may end the tightening cycle that has put it at odds with peers more concerned about weak global growth.

Bureau Report



First Published: Tuesday, October 25, 2011, 17:45


Comments


comments powered by Disqus
Samsung Galaxy Tab 4 Nook
Samsung Galaxy Tab 4 Nook
BMW-X3
BMW-X3
Forbes Best Places for Biz 2014
Forbes Best Places for Biz 2014
Hyundai Elite i20
Hyundai Elite i20
Honda Mobilio MPV
Honda Mobilio MPV

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved