SBI not to raise deposit, lending rates in near-term
merisarkar news service
New Delhi, August 25, 2010
liquidity is evolving in right direction: OP Bhatt
The country's largest lender, the State Bank of India, on Wednesday said it does not plan any hike in its lending or deposit rates in the near-term, as the liquidity situation is evolving in the right direction.
Speaking on the sidelines of a conference in Mumbai, SBI Chairman OP Bhatt said there will be no increase in the bank's deposit rates till September. He also said that there are no plans to hike the newly-introduced base rate, or lending rates in the near-term.
