Lending rates to remain stable for now: SBI

State Bank of India said that banks8217; lending rates are expected to remain stable in the next five-six months.

8220;Lending rates are unlikely to move up in the next five-six months,8221; SBI Chairman O P Bhatt said on the sidelines of an event orgainsed by AIMA in New Delhi.

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.