Business Daily from THE HINDU group of publications
Wednesday, Jan 30, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Jan 30, 2008 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
|
Money & Banking
-
Interest Rates SBH not to cut interest rates Our Bureau Hyderabad, Jan. 29 State Bank of Hyderabad has no plans to cut interest rates in the aftermath of Credit Policy review by the Reserve Bank of India, according to Mr Amitabha Guha, Managing Director of the bank. “We expected a rate cut of at least 25 basis points by the RBI. There would be no major implications for banks in the policy review. “The status quo maintained by the central bank in the Credit Policy would not allow any rate cut,” Mr Guha told Business Line here. On the RBI’s advice to monitor unhedged exposure to foreign currency, Mr Guha said it had already been followed. Andhra Bank to wait-and-seeAndhra Bank would adopt ‘a wait-and-see’ approach on interest rate reduction. “A 25 basis point reduction in rates on deposits and advances may be given a thought. With the fourth quarter in full heat now, it may need some thinking due to profitability aspects. Andhra Bank will wait for some time before taking a step,” Mr K. Ramakrishnan, Chairman and Managing Director, Andhra Bank, said. More Stories on : Interest Rates | Public Sector Banks
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|