Tuesday, July 27, 2021

Will try to keep interest rate benign for as long as possible: SBI chief

State Bank of India will try to keep the interest rates benign as long as possible with a view to supporting the economic growth, its chairman Dinesh Kumar Khara has said.

On the impact of the second wave of COVID-19 on non-performing assets of the bank, the SBI chief said that as the lockdown was not pan-India, one will have to wait and watch to assess its impact on the banking sector.

In an interview to PTI, observing that multiple variables including inflation have a bearing on the interest rates, SBI chief said, “our effort is to support the growth initiatives. To really ensure that happens, we will try to keep the soft interest rate regime for as long as possible.”

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