A 0.50 per cent
hike in CRR,
aiming to suck
out up to Rs
20,000 crore
(Rs 200
billion)
liquidity from
the system,
could well
imply a
0.25-0.50 per
cent hike in
lending rates
across all
major
portfolios,
bankers said.
A few banks
might cut their
deposit rates
as well, they
added. "SBI
[Get Quote]
will be
assessing the
post-policy
conditions...
liquidity
conditions are
satisfactory at
this point of
time... (but) a
hike in lending
rates will be
effected if
necessary..."
a senior State
Bank official
told PTI in
Mumbai.
Many banks,
including SBI,
had revised
their lending
rates downwards
early this
year, heeding
to calls from
the government
and the central
bank.
