'Lending rate cut still some time away'
Business Standard|November 20, 2024
SBI MD says banks would look for monetary policy stance ancl policy rate action to decide actions
- ABHIJIT IEIE
'Lending rate cut still some time away'

Union Finance Minister Nirmala I I Sitharamanis call for making lending rates affordable may not resonate anytime soon as banks still struggle with margin compression, and await clues from the Reserve Bank of India (RBI) on liquidity and rate action. Hinting that any lending rate cut was some time away, State Bank of India (SBI) Managing Director Vinay M Tonse said there was still some aggression in the market regarding deposit pricing. Also, the uptick in the Consumer Price Index (CPI) inflation had impacted the outlook on interest rates, he said on the sidelines of SBI's Business and Economic Conclave. The year-on-year (Y-o-Y) inflation rate based on CPI for October stood at 6.21 per cent, above the RBI's upper end of the tolerance band at 6.0 per cent.

この蚘事は Business Standard の November 20, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Business Standard の November 20, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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