As stated in Business News, State Bank of India, the country's top bank, is unlikely to raise lending rates in the next six months, its chairman said on Tuesday.
The bank has slashed lending rates by 200 basis points since October last year, but O. P. Bhatt has said interest rates were likely to harden in the second half as loan demand improves.
The bank has slashed lending rates by 200 basis points since October last year, but O. P. Bhatt has said interest rates were likely to harden in the second half as loan demand improves.
Read More: http://in.reuters.com/article/businessNews/idINIndia-41958120090825