India's largest private sector bank, ICICI Bank's CMD KV Kamath said the recent move by RBI to hike CRR will not slow growth process. As far as reducing interest rates are concerned, he said, it is too early to comment on.
Meanwhile the Bank has said that it doesn't see auto loan rates softening in the next 3 months, reports Newswire18.
While, KV Kamath may sound a bit hesitant about interest rates going down, the Chairman of State Bank of India, OP Bhatt is very categorical that interest rates are going down soon.
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