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No Urgency In Pass-Through Of Rate Hike: YES Bank

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September 19: “If the tight liquidity situation persists, banks would be forced to hike rates by 25 bps per quarter,” says Rajat Monga, CFO of YES Bank. However, he does not see an urgency to pass-on the higher rates as the tight liquidity situation will not last through the year. There is a need for the RBI to reevaluate their methods in tackling inflation and currency problems, he adds.