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ICICI Bank to review rates in a few days - CEO

ICICI Bank to review rates in a few days - CEO
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First Published: Mon, Nov 03 2008. 03 25 PM IST
Updated: Mon, Nov 03 2008. 03 25 PM IST
New Delhi: “ICICI Bank will review its interest rates in the next few days, after seeing the impact on liquidity of recent central bank steps,” its chief executive, K.V Kamath said.
The Reserve Bank on India (RBI) on Saturday unexpectedly cut its key lending rate by 50 basis points to 7.5% and banks’ cash reserve requirements by 100 basis points to 5.5%, to infuse liquidity into the system.
“We will review interest rates after watching the impact of RBI decision on liquidity,” he said.
“It is premature to consider interest rates right now, but we will review it in the next few days,” he added.
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First Published: Mon, Nov 03 2008. 03 25 PM IST