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Journalism of Courage
State Bank of India,the country’s top lender,sees interest rates likely rising by 25 to 100 basis points in six months if liquidity in the system is not managed well,its chairman said on Monday.
“Going ahead,there is a possibility of interest rates going up … if liquidity is not managed well,when the busy season picks up,that is in the second half of the (fiscal) year,” O.P. Bhatt said.
Indian bank loan growth slowed to around 15 per cent in June from about 30 per cent seen in 2007/08,but is expected to pick up in the coming months as economic activity revives.
