Banks will wait for next qtr to see if deposit rates can be cut: C S Setty

He said the asset liability committee of the bank will meet this week and the external benchmark linked loans would be reduced from this month itself

The Reserve Bank of India (RBI) has cut the policy repo rate (by 25 basis points to 6.25 per cent) after a gap of almost five years. State Bank of India Chairman C S SETTY tells Manojit Saha in a telephonic interview that the country’s largest lender’s asset liability panel will meet this week and external benchmark-linked loans would be reduced this month itself. Edited excerpts:    After the repo rate cut, lending rates linked to an external benchmark, or EBLR, are expected to decline. Twenty-eight per cent of SBI’s loan book is linked to repo rate. When