Credit demand not high enough: K V Kamath

"Systematic liquidity is comfortable. We will have to watch carefully before taking any decision to either raise or lower interest rates. Systematic demand is still slack, it does not warrant any tinkering in interest rates," Kamath said, in response to the possible change in the interest rates post deposit rate hike by State Bank of India (SBI), the largest lender of the country.

 

Replying to a question whether the debt waiver scheme would affect the fiscal performance of the government, Kamath, who is also the president of Confederation of Indian Industry (CII) said, "It depends on where and how, the waiver amount is to be met, unless that is clear, its difficult to predict."