The cycle of interest rate hike has stopped and now the speculations are going on about the fall in interest rates. Though the Reserve Bank of India reduced the Cash Reserve Ratio (CRR) in the recent monetary policy review but still the policy rates have been kept constant. CEO of the largest private sector lender in the country ICICI Bank, Ms. Chanda Kochhar expects that the lending rates may fall in the in the first half of the next financial year.
The apex bank reduced CRR by 50 basis points in order to support the economic growth as well as to improve liquidity condition. |
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