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via economictimes.indiatimes.comEconomy

SBI's Setty sees 50 bps more rate hikes, says retail loan quality unlikely to suffer

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

State Bank of India chairman CS Setty noted that upcoming rate hikes could affect discretionary consumption demand. He highlighted that retail asset quality is expected to remain stable at the system level. Setty indicated a projected 0.50 percent rate hike in December, followed…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishPossible further rate hikes in India could weigh on discretionary consumption and consumer credit.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01SBI chairman CS Setty says upcoming rate hikes could affect discretionary consumption.
  2. 02He projects a 0.50 percent rate hike in December, followed by a pause in February.
  3. 03Retail asset quality is expected to remain stable at the system level.

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