NEWS & ADVICE : PERSONAL LOAN
Policy rates likely not to change in September review:HSBC, CBI
By Vaibhav Aggarwal
Sep 10, 2010
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Public sector lender, Central Bank of India expects that the September review of monetary policy would not bring any further change in key policy rates, said chairman and managing director S Sridhar. The review is scheduled on September 16.

"I expect status quo from RBI on September 16," Sridhar said.

Speaking on the same note, foreign lender, HSBC India's head Naina Lal Kidwai said that the bank also expects a consistency in policy rates in this quarter review of monetary policy.

"We have a situation where inflation is coming under control. We expect rates to remain unchanged for now but will go up later in November," said Kidwai.

"We are witnessing growth across sectors. Indian companies are going overseas, investments are on the cards, retail and housing demands are picking up," Kidwai said.


 


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