Money & Banking

Middle-of-the-road policy, says Canara Bank chief

Anjana Chandramouly Bangalore | Updated on October 25, 2011

Mr S. Raman, Chairman and Managing Director, Canara Bank, told Business Line that today's monetary policy review is a "middle-of-the-road" policy.

"Though no transmission of rate hike happened last time, this time around, banks are more likely to transmit the rate hikes," he said. However, for Canara Bank it will be a "bit of a wait and watch". On savings bank deregulation, Mr Raman said it remains to be seen how much of an increase will take place.

Published on October 25, 2011

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