Thursday, December 11, 2008

RBI, fiscal steps would keep interest rates low: ICICI Bank

Country's largest private sector lender ICICI Bank on Thursday said it was hopeful that the measures taken by the Reserve Bank of India would help sustain interest rates at a lower level.

'We are hopeful that the measures taken by the RBI will help sustain interest rates at a lower level. We are interested that they (interest rates) come down,' ICICI Bank Executive Director V Vaidyanathan told reporters on the sidelines of a CII summit here."

With regard to customer confidence, Vaidyanathan said "consumer confidence in banking and deposits are higher than what it was last year. Consumers are coming back now. Their confidence would be restored once the fog over the stock markets is cleared."
To read more, please, visit - -The Economic Times

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