SBI to review lending rates after budget

State Bank of India (SBI) will review lending rates only after the budget.
"We will wait till the budget to review the lending rates," T S Bhattacharya, MD of SBI, said today.

SBI chairman A K Purwar had said recently that the bank would take a decision on lending rates "very shortly" since there was pressure on liquidity.

"There is a definite pressure on liquidity. We are closely looking at the loan rates, including home loan rates, and will take a decision very shortly," Purwar had said.

Reserve Bank of India, in its quarterly review of the annual policy in January, had increased repo rates following which banks had started revising lending rates.

While HDFC increased home loan rates by 0.5% across the board, IDBI increased loan rates by 25 basis points. ICICI Bank also increased its home loan rates by 50 basis points.