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Monday, February 22, 2010

Lending rates will be stable in 6 months: SBI

State Bank of India today said that banks' lending rates are expected to remain stable in the next five-six months.

"Lending rates are unlikely to move up in the next five- six months," SBI Chairman O P Bhatt said on the sidelines of an event orgainsed by AIMA here.

This is because credit offtake is still muted and there is enough liquidity in the system, he said.

However, there is movement on deposit rates side. It has already started moving up, he said, adding a couple of banks have already increased their deposit rates.

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