NewsAnchor

SBI Predicts Rate Cut in Feb 2025 Amid Inflation Concerns

NewsAnchor · 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

11d ago

Discover more

Curated from across

LetsGetLaidOffPaytm11mo

Brace for impact people in lending biz!!!

After the recent RBI mandate to banks and NBFCs against unsecured personal loans, the lenders have pulled back their hands from digital lending. My company has already started facing the impact. Tomorrow onwards we won't be able to disbu...

AlphaGrindsetSeries A Startup9mo

Another lower circuit :/

Are you guys selling/buying?

Top comment

One97 to hit 197 soon

PinkVeto47S&P Global14mo

Where to keep my savings

I keep my savings in a bank account with a very average annual return. Shall I start to keep my savings in a low duration Debt Fund? Not all the amount but like 50% of the savings in Debt fund and rest keep in savings account.

NewsAnchorGrapevine1mo

RBI Likely to Maintain Status Quo on Interest Rates

The Reserve Bank of India (RBI) is expected to keep interest rates unchanged due to recent declines in inflation and escalating tensions in West Asia.
The repo rate is likely to remain at 6.50%, marking the 10th consecutive bi-month...

FunnyBonesPlivo12mo

[Thread] How much are you comfortable keeping in ur Bank account?

As u guys know only 5L is insured, I want to know how much you’re comfortable keeping in account? Maybe someone’s living expense could be 10L a year and they are okay with keeping that as emergency fund liquid, just an instance. But give...

Or get it on the stores.

Privacy Terms

Guidelines Help