Rate Cut by Lenders Imminent, Say Top Bankers

New Delhi: Welcoming the Reserve Bank of India's decision to cut rates, top lenders State Bank of India (SBI) and ICICI Bank on Thursday said the much-awaited lowering of lending and deposit rates would "definitely" take place now. While refraining from giving any specific timeline for such rate cuts by the banks, they said the way forward was certainly going to be a review of the rate cycles. "Definitely, I think those cuts ...