SBIโs CS Setty Sees Credit Demand Cooling as Rates Rise, Flags 50 bps Hike in December
State Bank of India Chairman CS Setty said higher interest rates are likely to moderate credit demand, especially in discretionary and other rate-sensitive segments, as borrowers adjust to a tighter monetary environment. He expects the Reserve Bank of India to deliver another 50 basis points repo rate increase in December before pausing, while stressing that there are no system-level concerns in retail asset quality.
