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Inflation not to flare up further: Bankers
Published on Thu, Apr 24 at 20:41 , Updated at Thu, Apr 24 at 22:02
Source : CNBC-TV18
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Bankers feel that, owing to the good monsoons and the increase in production, the inflation may stabilise. OP Bhatt said that he sees inflation at 6.5% in around three to four months.
OP Bhatt, Chairman, SBI sees inflation around 6.5% in about three to four months. He also said that, the SBI may list an insurance arm in FY10. He sees the SBI home loan growth in FY09 at 22-24%. Bhatt further added that SBI will float two more PE funds decision in two to three months.
Naina Lal Kidwai, CEO, HSBC India said, “The good news is that the monsoon is good and the production is up. With these improving there's a chance that inflation won’t go up further. But it is still too early to comment."
Sanjay Nayyar, CEO, Citibank said that, with the rising inflation, growth may be hurt. He says more steps need to be taken for a significant easing in inflation and pushing growth momentum higher. Nayyar said, “I think we've settled down to 7.5 - 7.75% range which is pretty good, but obviously one notch lower than where we were. Many reasons - food prices, oil; our own second order reforms in financial sector and bond markets - there's lot more that can be done to get our selves to be self financed and not depend on foreign flows.” |
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Other comments
CNBC-TV18 poll sees inflation at 11.15%
The inflation has said to have stablized a bit for the moment....
in Economy - KARUNAS at 26-Jul-08 07:05
CNBC-TV18 poll sees inflation at 11.15%
All external factors are not favour for getting inflation down. Govt. not take any valid steps to curb inflation...
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