Lending rate to pinch less

RATE CUT MUST WAIT BUT DOVISH TONE IS HERE

“Given the comfortable liquidity and the recent reduction in deposit rates by banks, interest rates in general could be expected to trend downwards gradually”                                                                                         Chanda Kochhar                                                                                    MD & CEO, ICICI Bank

It is a positive move but not to the extent we hoped for. It shows that RBI is willing to respond. Our asset liability committee will meet tomorrow to take a call on interest rates Pratip Chaudhuri Chairman, State Bank of India

“Everyone was expecting a rate cut this time. However, RBI seems to be waiting for inflation to soften further. So, probably in the next 6 weeks or so, we can expect a rate cut. Banks have already started lowering rates and a cut by RBI next time will help consumers get relief”                                                                                            Rajeev Talwar                                                                                   Executive Director, DLF

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