Interest rates to go up: Kochhar

 
“I really believe that interest rates are not going to go down from here. Gradually they would go up. When? That would really  depend on how fast the credit growth takes place in the current scenario ”, ICICI Bank CEO and Managing Director Chanda Kochhar told PTI. In April, ICICI Bank was the first to reduce lending and deposit rates by 50 basis points after announcement of the annual credit policy by RBI.