Ficci Survey Says Interest Rates Are Yet To Bottom Out

Interest rates are yet to bottom out and are unlikely to rise in the immediate future, according to a survey on Indian banking by Ficci.

The survey covered 216 entities, of which 57 per cent were banks and finance companies, while 43 per cent were from corporates and academia.

Sixty-six per cent of the respondents feel that rates have not yet bottomed out and any increase will impact banks