SME Times is powered by   
Search News
Just in:   • MSMEs will play a key role towards ‘Viksit Bharat’ goal: NK Singh  • India’s engineering goods exports touch all-time high of $116.7 billion in 2024-25  • Trade minister vows all-out efforts to boost foreign investment, reshoring firms  • Solid monetary frameworks helped emerging markets navigate recent crises: Gita Gopinath  • India, as fastest growing economy, is ideal investment destination: RBI Governor 
Last updated: 29 Jul, 2024  

SBI.9.THmb.jpg SBI not to hike lending rates immediately

SBI.resize.jpg
   Top Stories
» India’s engineering goods exports touch all-time high of $116.7 billion in 2024-25
» India, as fastest growing economy, is ideal investment destination: RBI Governor
» India’s forex reserves on way to reclaim all-time high of $704.8 billion
» Centre notifies new rules for GST Appellate Tribunal
» India’s steel industry poised for global growth, focus on FTAs and self-reliance: Piyush Goyal
SME Times News Bureau | 20 Mar, 2010
The State Bank of India on Saturday said that it has no plans to hike lending rates immediately, and would wait for further signals from the Reserve Bank to arrive at any decision.

"There is no plan to hike our lending rates immediately. We will wait till the April policy (of the RBI) to take a call (on hiking lending rates)," SBI Chairman O P Bhatt was quoted by a news agency.

The SBI Chairman said that there was sufficient liquidity in the banking system currently.

The Reserve Bank of India Friday hiked repo and reverse repo rates (short-term lending and borrowing rates) by 25 basis points each
to 5 percent and 3.75 percent, respectively in a bid to  tame the price rise by sucking excess money out of the system. 

Bhatt added the Reserve Bank may tighten its monetary stance further in the 2010-11 annual policy next month.

"Further monetary tightening is expected in the April policy," he said.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter