The largest lender of the country, State Bank of India is unlikely to go for any further rate hike even if Reserve Bank of India decides to go for one in the next monetary policy review. The upcoming review of monetary policy is scheduled on Thursday.

O.P. Bhatt, Chairman, State Bank of India, said, "Base rate will go up if cost of resources increases. I don't know if that will happen as we have 50 per cent CASA deposits."

The month of October saw the bank rising its base rate marginally by 10 basis points to 7.6%.

"The decision which the RBI has to take is not easy. Both possibilities are there. It can go for a status quo or raise the rates by at least a minimum of 25 basis points," said Bhatt.

"We may see slightly upward moving interest rate," he added.

"Credit offtake has not been in line with our expectations. We have grown at around 18 per cent till September. We had targeted a 20 per cent growth", he said. The bank has revised its credit offtake target to 18%. (25th oct)

"The growth in the home loan segment is lower compared to last year's growth", he added.