Business · 27 Oct
వడ్డీ రేట్లు మరింత పైకే..
AI summarySBI Chairman Challa Sreenivasulu Setty stated that interest rates in India are likely to rise further, with the RBI potentially increasing the repo rate by 0.50% in December. He noted that while the hike may dampen demand for consumer credit, it will not significantly affect the quality of retail loans or credit demand from productive sectors. Additionally, he announced that the bank will launch a new 'YONO Bharat' app within a year and expressed support for allowing merchants to collect Merchant Discount Rate (MDR) charges on UPI transactions to offset digital infrastructure costs.
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