Consensus seems to be pause by RBI's MPC, says SBI chairman C S Setty

C S Setty says effective liability management will help the bank to protect its margin above 3%

State Bank of India is witnessing robust credit growth, including healthy corporate loan demand which is expected to see double digit growth this financial year. CS Setty, chairman of the country’s largest bank said effective liability management will help the bank to protect margin above 3 per cent in an interview with Manojit Saha & Abhijit Lele in Mumbai. Edited excerpts:

 

The Reserve Bank of India’s Monetary Policy Committee will announce the policy review later this week. Do you think the recent sharp depreciation of the rupee, along with the sluggish deposit growth, with system credit-deposit ratio above 80 per