State-run lender State Bank of India recently cut home loan rates. In a discussion with CNBC-TV18’s Gopika Gopakumar, SBI Chairman Arundhati Bhattacharya said the rate cuts came on the back of excess liquidity in the banking system.
“The liquidity was brought on account of the huge FCNR inflows we have seen in the country,” she said.
Also read: Will interest rates go down from here?
She added that if credit offtake did not remain adequate even with high liquidity, she would “have to see what area it could be deployed in”.
Bhattacharya also spoke about the Shyamal Acharya case and said the bank had restricted gifts to about Rs 500-750. “We will try at this point of time to have a no-gift taking and no-gift giving policy,” she said.
Discover 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!
