Oct 10, 2013, 12.28 PM | Source: CNBC-TV18
Uday Kotak, MD, Kotak Mahindra Bank in the next few months he expects the long-term rat on government securities to be between 8-9 percent and short-term rates between 8-8.5 percent.
Uday Kotak (more)
Executive Vice-Chairman & MD, Kotak Mahindra Bank |
In the next few months, he expects the long-term rat on government securities to be between 8-9 percent and short-term rates between 8-8.5 percent.
Below is the verbatim transcript of his interview to Manasvi Gehlani of CNBC-TV18.
Q: What is your view on MSF rate cut?
A: There is not much room for us to drop rates because we did not increase rates against a 300 basis points increase either.
Q: Your view on the overall interest outlook for the company?
A: My view is that right now the short-term rates are higher than the long-term rates. We will see the reverse. I see the long-term rates on the government securities between 8 and 9 percent and the short-term rates between 8-8.5 percent in the next few months.
Q: One question on the IMF looking a little more negative or rather pessimistic on the GDP numbers that we are expecting, your sense on that?
A: My sense on GDP growth is assuming it was normal that is business as usual based on the first half GDP growth looks like 4-4.5 percent. There are two positives to that, one is agriculture coming out of a good monsoon, it could surprise us positively. Number two, in the second half of this year there is going to be significant election spending, which can add to growth. So, both these can bring it up a little bit but without these two factors 4-4.5 is where I see growth.
According to Ashwani Gujral of ashwanigujral.com,
Describing the 24 PSU banks as "the 70 percent pro
Speaking to CNBC-TV18, Shanti Ekambaram said that
Kotak Mahindra Bank, in a recent intimation to the
Chandan Taparia of Anand Rathi Securities recommen