ICICI Bank Joint Managing Director, Chanda Kochhar, on Thursday said that it would be premature to say that interest rates on retail loans would be increased in the wake of the increase in the repo rate by the Reserve Bank of India.
Speaking exclusively to NDTV, she said that the bank does not see a pressure on deposit rates and the retail rates might be hiked if liquidity tightens further.
On loan growth, Kochhar said that the bank sees a loan growth of 20 per cent, but the composition would change, with retail finance to grow at 12-15 per cent. She said that currently there is no slowdown in corporate investment demand.