Mr. A. Krishna Kumar,
MD & Group Executive for National Banking, SBI said, “There are early signs of credit uptake.
Mid-size companies are coming for fresh lending. It is too early to predict a
full-fledged credit revival based on these early figures.The number of
applications have nearly doubled in the home loan segment after the recent
reduction in interest rates in these segment".
Mr. Kumar, however,
added that there is less space for further reduction in interest rates in these
segments as the spreads are already lowered in the retail segments.We have
already reduced our interest rates on home loan, which is just above our base
rate. So, there is less space for further reduction in interest rates in these
segments. As of now, we are not revising credit growth target. We expect 18 to
20% growth this financial year (2012-13) in retail segment”
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