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Mumbai, April 18

Reacting to the CRR hike by the Reserve Bank of India, Ms Chanda Kochhar, Joint Managing Director, ICICI Bank, said it would be a little early to say what the impact would be. “Profits will move down with cost of deposits. We have to see how the liquidity will move out. Currently, there is liquidity in the system. We feel that a lot of factors is changing and we are watching the situation. We will not take immediate steps to change interest rates”.

– Our Bureau

More Stories on : Interest Rates | CRR & Bank Rates | ICICI Bank Ltd

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