Don’t miss the latest developments in business and finance.

SBI chief sees small rise in deposit rates

However, she didnot specify the extent of the increase

Reuters Mumbai
Last Updated : Jan 28 2014 | 4:35 PM IST

State Bank of India, the country's largest lender, expects a small rise in deposit rates, Chairwoman Arundhati Bhattacharya told reporters after the Reserve Bank of India's (RBI) monetary policy review on Tuesday.

She did not specify the extent of increase.

Earlier in the day, the RBI unexpectedly raised its policy interest rate by 25 basis points but said that if consumer price inflation eases as projected it does not foresee further near-term tightening.

Also Read

First Published: Jan 28 2014 | 2:08 PM IST

Next Story