Deposit Rate Hikes Unlikely for 3 Months; RBI Action to Help NIMs
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
State Bank of India Chairman C S Setty stated there will be no deposit rate hikes for the next three months. He cited sufficient liquidity in the system as a key reason for this prediction. Setty mentioned that credit growth is expected to sustain at 14 to 15 percent over time.…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishSBI Chairman predicts no deposit rate hikes for 3 months due to sufficient liquidity; positive for bank net interest margins.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01SBI Chairman C S Setty predicts no deposit rate hikes for next three months.
- 02Sufficient liquidity in system is key reason for this prediction.
- 03Credit growth expected to sustain at 14-15 percent over time.
- 04Banks must ensure positive real interest rates for depositors amid rising inflation.