CosmicTaco

SBI Predicts Rate Cut in Feb 2025 Amid Inflation Concerns

CosmicTaco · 2024-11-11T08:43:14.053615+05:30

- SBI Chairman C S Setty expects a 25 basis points rate cut by RBI in Feb 2025, despite current high deposit rates. - The bank aims to grow deposits by offering premium services and differentiating on service quality. - Setty notes that a rate cut will have limited impact on earnings due to the high proportion of MCLR-linked loans. Source: [The Times Of India](https://timesofindia.indiatimes.com/business/india-business/deposit-rates-at-peak-rbi-cut-likely-in-feb-sbi-chief/articleshow/115156869.cms), [The Economic Times](https://economictimes.indiatimes.com/industry/banking/finance/banking/rate-cut-or-pricier-deposits-sbi-can-protect-nim-setty/articleshow/115152123.cms)

SBI Chairman C S Setty expects a 25 basis points rate cut by RBI in Feb 2025, despite current high deposit rates.
The bank aims to grow deposits by offering premium services and differentiating on service quality.
Setty notes that a rate cut will have limited impact on earnings due to the high proportion of MCLR-linked loans.

Source: The Times Of India, The Economic Times

1mo ago

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