| |
| | |  Advertisement | | |
| |
September 27, 2007 17:53 IST
Interest rates are likely to remain stable in the short-term, a top banking industry official said on Thursday.
"Our understanding is that interest rate would remain stable for the next 6-9-months," ICICI Bank [Get Quote] Executive Director V Vaidyanathan told reporters in Mumbai.
Private sector ICICI Bank is the second largest lender in the country after state-owned State Bank of India [Get Quote]. On a possible cut in home loan interest rates by the bank, Vaidyanathan said no decision had been taken as yet.
"The expectation is that monetary policy would remain tight. We are constantly watching the cost of funds but have taken no decision as of now on our home loan rates," he said.
© Copyright 2007 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
|
| |
Email this Article 
Print this Article