The countrys largest private sector lender, ICICI Bank, does not see immediate pressure on interest rates, but expects them to rise from the second quarter (July-September) of next financial year due to increase in demand for credit. Now-RBI may not increase policy rates in April policy: Kamath-No pressure on interest rates over next 9 months: Kamath-'Consumption, investment will drive growth'-Banks to review teaser home loan plans in March-Bankers see huge challenges in next financial year-

SBI (State Bank of India) has snipped interest rates by 25-50 basis points on deposits up to 5 years time period. After several months, this is for second time that India’s biggest bank has snipped term deposit rates.