IDBI Bank would watch market conditions till this month-end before taking a call on its lending rates, a top bank official said.
"Many of our schemes are ending in March and once it happens we will take a view on what the market conditions are like and then decide (on hiking lending rates)," IDBI Bank Chairman and Managing Director Yogesh Agarwal told reporters here today.
If market conditions warrant, then the bank would take a call on its lending rates even before the RBI meets for its monetary policy announcement on April 20, Agarwal said.
"We will hike our lending rates if the conditions warrant it. If, in general, the interest rate rises, which they are, our lending rates will be in tandem with them," he said.
In the corporate segment, there may not be any rate increase, he said.
"Corporate rates are already hardening. From last month or so they are slowly inching up. There will be no grand announcement in the corporate segment as regards an increase in rates," Agarwal said.
In the past one month, the (corporate) rates have gone up by 1 per cent, he said.
