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| ICICI Bank may cut rates | | | | Country's largest private sector lender, ICICI Bank today kept its cards close to the chest on the possibility of an interest rate cut, saying it was still assessing the demand-supply position for credit. "Let's wait see what happens. This is the last quarter of the year where rates normally tends to increase. It would be unwise to say how rates will move in the next six weeks. We have also to see the demand-supply gap," Chairman K V Kamath, told reporters here. Asked about the slow-down in the bank's credit offtake during the fiscal, Kamath said there has been a slow-down in automobile and mortgage portfolios. |
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