Both deposit and lending rates probably have bottomed out and further tinkering in rates by banks unlikely in the immediate future, Paresh Sukthankar said. Photo: Pradeep Gaur/ MintNew Delhi: With excess liquidity being drained out of the banking system, interest rates are in for a pause, said HDFC Bank deputy managing director Paresh Sukthankar. Both deposit and lending rates probably have bottomed out and further tinkering in rates by banks unlikely in the immediate future, he said. Recently, many banks reduced lending rates especially housing and vehicle loans to take advantage of festival season demand. Asked about expectation from RBI monetary policy, Sukthankar said, it would be difficult to hazard a guess what the regulator is going to do.

Source: Mint November 26, 2017 11:15 UTC