Comments
Domestic banks' lending rates are likely to remain stable in the April-June period because of a seasonal slowdown in industrial activity, State Bank of India Chairman, Mr O. P. Bhatt said Tuesday.
“April is a slow month and we are not expecting strong demand for credit. It will take a few months for demand to pick up,” Mr Bhatt told reporters on the sidelines of an AIMA event.
Recently, some state-run banks had said there was an upward pressure on lending rates after the central bank raised its key interest rates by a quarter-percentage point on March 17.
Commenting on the SBI rights issue, Mr Bhatt said that it is likely to come out in the next financial year.
Mr Bhatt was speaking at an event where Mr Ratan Tata was given the All India Management Association (AIMA) Lifetime Achievement Award.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.