State Bank of India Chairman Rajnish Kumar on Thursday said that there is limited space for further easing of the lending rate. It seems so, he said in reply to a question if the rate cut cycle is over for now. So, I think the headroom available for cutting down the interest rates, both deposit and lending (seems limited). Deposit rate unless you cut you cannot cut lending rate ... for time being we are in for much more stable interest rate,” he said. Last week, the country’s largest lender State Bank of India (SBI) reduced its lending rate for home and auto loans by 0.05 percentage point.

Source: Hindustan Times November 09, 2017 08:48 UTC