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Chairman Dinesh Kumar Khara on Tuesday said he hopes inflation may ease towards the end of September, as supply-side constraints were being addressed.
Khara, who was in Bengaluru to open a dedicated branch for startups, said expectations were that inflation should come down.
As for the policy rates, he did not want to guess whether the Reserve Bank of India will go for another round of rate increase as the banking regulator will evaluate multiple data points and there were many moving parts in the economy.
The lending interest rates have headed northwards as policy rates moved up, but banks were also increasing deposit rates, the SBI chairman said.
Earlier this month, the RBI raised the key policy interest rate by half a percentage point to tame “unacceptably high inflation” rate in the country.
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