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Hyderabad, Dec. 6

Ms Renu Challu, Managing Director, State Bank of Hyderabad, said the reduction in repo and reverse repo rates by RBI is a good signal that interest rates should soften further. “This will facilitate better refinancing to the banks by NHB and SIDBI, among others, and boost credit to sectors such as housing if the builders are willing to reduce the prices. While the credit for productive sector is already progressing well, it can now grow further. We, at SBH recently a nnounced cut in interest rates and they will further soften in due course,” she said. —

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