Going by the industry trend, teaser rates are going to stay, chairman of HDFC Deepak Parekh said on Thursday.
"It is for sure that teaser rates are going to stay permanently," Parekh told reporters on the sidelines of All India Management Association convention in Kolkata.
He said that deposit rates might be raised by 0.25 to 0.50 percentage points by October and there would also be concurrent
hike in lending rates.
Parekh said that liquidity might be under pressure during the current period and October, but would ease by November.
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