The Reserve Bank of India announce its next mid-quarter review of the monetary policy on March 17 which was inline with the streets expectations. The central bank has been looking at ways to rein-in inflation and raising key rates by a quarter point was widely seen as one such way.
In an interview with CNBC-TV18, Shyam Srinivasan, MD & CEO, Federal Bank said that the loan offtake has been strong and that he saw good momentum in the current quarter both in assets and deposits." I think we will end on a higher note than say the way we ended Q3," he said. He also said that they are one of the better capitalized banks. "We are sitting at good capital adequacy ratio. Infact we do have a leverage opportunity. So we are not looking at raising capital just now." Below is a verbatim transcript. Also watch the accompanying video. Q: Do you think deposit and lending rates could go up further? A: I think deposit rates have peaked out though there is an announcement today, after which it could have some bearing. But broadly it wonDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
