business

Canara Bank hints to pass lending rates, doubts on deposits

Speaking exclusively to CNBC-TV18, S Raman, chairman and managing director of Canara Bank says that the central bank is most likely to go ahead with a 50 bps rate hike for the year, post Thursday's expected 25 bps. He says, “I expect RBI to bring a 75 basis-points rate hike in the rest of the months of this financial year.”

first published: Jun 14, 2011 01:39 pm