Private bank CEOs react to CRR hike
By TNN |
Home loan rates will go up as banks will now charge us higher rates. We feel that housing prices are high because of supply side constraints. Rate hike would not deter genuine buyers.
Deepak Parekh, Chairman, HDFC
Consumer credit will slowdown because of the pace at which rates have been increased. Banks’ profits will be affected to the extent of the money that is locked in the form of CRR.
Kalpana Morparia J T, Managing Director, ICICI Bank
It’s unexpected in terms of timing. Keeping in view the inflationary trend and supply side constraints, it’s a valid monetary action to cool off demand
Sanjay Nayar, CEO, Citigroup India
This will be good news for depositors. With only 45 days left for the current fiscal and considering that the CRR hike is going to be in a phased manner, the balance sheet impact would be very small
B Sambamurthy Chai R Man, Corporation Bank
Deepak Parekh, Chairman, HDFC
Consumer credit will slowdown because of the pace at which rates have been increased. Banks’ profits will be affected to the extent of the money that is locked in the form of CRR.
Kalpana Morparia J T, Managing Director, ICICI Bank
It’s unexpected in terms of timing. Keeping in view the inflationary trend and supply side constraints, it’s a valid monetary action to cool off demand
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Sanjay Nayar, CEO, Citigroup India
This will be good news for depositors. With only 45 days left for the current fiscal and considering that the CRR hike is going to be in a phased manner, the balance sheet impact would be very small
B Sambamurthy Chai R Man, Corporation Bank
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