SBI's Bhattacharya Says India's Low Rates to Continue
March 1, 2017
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4:20Now PlayingSBI's Bhattacharya Says India's Low Rates to Continue
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as posted by the channelFeb.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.
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