ICICI rate hike will not lead to mass increase: Jigar Shah
There have been statements confirming this from various banks including the State Bank of India that the interest rates are unlikely to move up in the next at least 2-3 months.
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| Jigar Shah, Sr. VP & Head of Research, Kimeng Securities India Pvt. Ltd.
What do you make of the announcement that just came in a while back about ICICI Bank following the footsteps to increase deposit rates this time around by around 25-50 basis points. How do you think this will affect margins?
I do not see that will lead to mass increase in rates because there have been statements confirming this from various banks including the State Bank of India that the interest rates are unlikely to move up in the next at least 2-3 months. I do not think that given the liquidity and the credit off take, there is any threat to the interest rate or anything. I do not really see any major change due to this announcement.
What do you make of the announcement that just came in a while back about ICICI Bank following the footsteps to increase deposit rates this time around by around 25-50 basis points. How do you think this will affect margins?
I do not see that will lead to mass increase in rates because there have been statements confirming this from various banks including the State Bank of India that the interest rates are unlikely to move up in the next at least 2-3 months. I do not think that given the liquidity and the credit off take, there is any threat to the interest rate or anything. I do not really see any major change due to this announcement.
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