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PSU Banks To 'Wait & Watch' On Rates: Rajiv Takru

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Since the RBI policy announcement, some banks have started hiking base and deposit rates. Bloomberg TV India asks Financial Services Secretary Rajiv Takru what impact this will have on these banks’ financials and whether others will follow suit. “The public sector banks have come out openly in saying that they will not do anything as a kneejerk reaction,” he says.