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 Money & Banking - Private Banks
South Indian Bank ‘to wait & watch’

Coimbatore, Dec 6

Dr V.A. Joseph, Managing Director of South Indian Bank (SIB), said the stimulus package would help reduce the cost of deposit as also bring down the lending rate. SIB would, however, ‘wait and watch’ the bigger banks move the coin before taking a call on this. Asked if a rate cut would trigger credit offtake, he admitted to banks being choosy on the lending because of poor market sentiments. “There is no restriction on lending, but we are cautious,” he said. –

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