ICICI Sees Rates Reversing as India Readies for Key Policy Month

‘Should be prepared for an increase over a period’: Kochhar
Government budget due Feb. 1, central bank review Feb. 7

Kochhar talks to Bloomberg Television in Davos.Source: Bloomberg

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By Anto Antony

January 25, 2018 at 4:29 AM UTC

This article is for subscribers only.

ICICI Bank Ltd., India’s second-largest private lender by assets, predicts the nation’s rate-cut cycle has ended and traders should brace for tightening in the coming months.

“Reduction in the interest rate cycle has stopped now,” Chief Executive Officer Chanda Kochhar said in an interview with Bloomberg Television on the sidelines of the World Economic Forum in Davos on Wednesday. “We should be prepared for an increase over a period.”