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Our Bureau

MR ROMESH SOBTI

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Mumbai Feb. 13 There is room for more hikes in interest rate this calendar year, said Mr Romesh Sobti, Executive Vice-President and Country Executive, ABN Amro Bank, before the RBI announced a CRR hike.

"Inflation remains a concern and a hike in interest rates may cause loan growth to taper off," he said.

He said that the interest rate deducting inflation was just 5 per cent and there was room for an increase in rates.

The increase in provisioning on standard assets from 1 to 2 per cent will rein in credit growth to sectors such as real estate and unsecured markets such as credit card receivables and personal loans.

More Stories on : Economy | Credit Market | CRR & Bank Rates

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