As expected, the credit policy review was basically a non-event for the market and policy makers, the Reserve Bank of India has left key rates unchanged.
Some bankers feel that the central bank may change rates only in its policy review on April 17. Only then, bankers may pass on the rate cut to borrowers.
In an interview to CNBC-TV18, A Krishna Kumar, MD, State Bank of India not much movement is expected in the interest rate scenario in March. In the first week of April there could be some review of the way the rates have been moving and the way the cost have been panning out, he added.
However, he was quick to add, "I don