ADVERTISEMENT
SBI's Bhattacharya Says India's Low Rates to Continue
SBI's Bhattacharya Says India's Low Rates to Continue
20 Mar 2017, 07:23 PM IST
Feb.28 -- India's GDP expanded 7 percent in the fourth-quarter, which was far stronger than what was estimated. The country is also forecast to grow over 7 percent for the coming year as banks work to replace cash sucked out by Modi’s shock clampdown last November. State Bank of India, which is the country's largest lender, said they expect a V-shape recovery in the economy, and that the impact from demonetization is mostly over. Bloomberg's Yvonne Man spoke with the bank's chairman in Hong Kong and first asked whether low rates in India are sustainable or not.
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT