NEWS & ADVICE : HOME LOANS
SBI gives hint towards raising lending rates
By Joseph Samson
Aug 8, 2011
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The largest lender of the country State Bank of India has hinted towards a 25-50 bps rise in its lending rates in this week, said its Chairman, Mr Pratip Chaudhuri.

"Our asset liability committee will meet next week. So you can expect some transmission (monetary) next week or week after... perhaps 25-50 basis points," said Mr Chaudhuri.

Since the time RBI raised policy rates by another 50 bps, majority of lenders have moved towards increasing their lending rates. However lending majors like SBI, ICICI Bank and Axis Bank are yet to take their stands in this regard.

Some lenders like Indian Overseas Bank have revised their deposit rates too.


 


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