The Economic Times

SBI Chairman CS Setty sees discretionary credit demand moderating, expects 50 bps rate hike in December

SBI chairman CS Setty expects higher interest rates to moderate credit demand in rate-sensitive sectors, particularly discretionary spending. The bank forecasts another 50 basis points repo rate hike in December, followed by a pause. Setty said he sees no system-level concerns over retail asset quality, though highly leveraged households may face pressure.