Translate

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.

No comments:

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Apr 08
03:30 NZIER Business Confidence (QoQ) 2 19% 16%
04:40 Fed's Goolsbee speech 2
06:00 Westpac Consumer Confidence 2 -6% 4%
07:00 National Australia Bank's Business Conditions 1 4 3 Revised from 4
07:00 National Australia Bank's Business Confidence 1 -3 -2 Revised from -1
15:30 NFIB Business Optimism Index 1 101.3 100.7
18:25 Redbook Index (YoY) 1 4.8%
19:30 Ivey Purchasing Managers Index 2 53.6
19:30 Ivey Purchasing Managers Index s.a 2 53.2 55.3
21:30 BoE's Lombardelli speech 2
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener