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Original headline: Central Bank of India Q2 profit rises 21 % as loans grow 30 %
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SBI Funds Management says the Reserve Bank of India (RBI) may need to raise its repo rate to at least 6.25% to contain inflation risks, after the RBI lifted it by 25 basis points to 5.50% earlier this month. That level would imply another 75 basis points of increases, though the report gives no timeline. Retail inflation rose to 5.54% in September from 4.83% in August, while wholesale inflation climbed to 11.39% from 9.92%. The fund house says headline CPI remains about 120 basis points above the 4% target, and warns that high crude prices, possible food inflation and strong domestic demand could push inflation above the RBI's 6% upper tolerance limit for two consecutive quarters. It also notes that surplus banking liquidity could weaken the effect of rate hikes, and that rate cuts are off the table.
- RBI may need to raise repo rate to 6 . 25 % as inflation risks persist : SBI Mutual Fund
In its October 2026 Market Outlook, SBI Funds Management says the RBI may need to lift its repo rate to at least 6.25% to contain inflation risks, after raising it by 25 basis points to 5.50% earlier this month. That implies another 75 basis points of hikes with no timeline given, and the fund sees the near-term path as either a hike or a hold, with rate cuts off the table. Retail inflation rose to 5.54% in September from 4.83% in August and wholesale inflation to 11.39% from 9.92%, while the FY27 CPI forecast of 5.20% sits about 120 basis points above the 4% target. The RBI projects inflation at 6% in the third quarter and 5.7% in the fourth quarter of FY27, and the fund warns that elevated crude prices, food inflation and strong domestic demand could push it above the 6% upper tolerance limit for two consecutive quarters. It also cautions that surplus banking liquidity could weaken the effect of rate hikes, and the RBI's next Monetary Policy Committee meeting is scheduled for December 2-4.
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Net placements by Nigerian banks at the Central Bank of Nigeria’s (CBN) Standing Deposit Facility (SDF) rose above 6 trillion naira for three consecutive days after the CBN repaid 2.41 trillion naira in maturing Open Market Operations (OMO) securities on October 13. Net SDF placements increased from about 3.86 trillion naira on October 13 to 6.08 trillion naira on October 16, a rise of 2.22 trillion naira or 57.65%. Treasury bill sales absorbed only 269.06 billion naira, and about 74% of bids were unallotted. The article suggests banks are holding surplus liquidity rather than deploying it, but notes that high SDF placements alone do not prove deliberate credit restriction, since borrower demand, risk, capital requirements and interest rates also shape lending.
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Ashok Chandra, MD and CEO of Punjab National Bank (PNB), told BusinessLine that credit growth this quarter could add up to 2 percentage points to overall growth, with retail, agri and MSME lending expected to rise by at least 1–2% more. The bank used its entire FCNR(B) deposit pool, about $2.7 billion, to repay high-cost bulk deposits and certificates of deposit, lifting domestic NIM by 10 basis points and global NIM by 8 basis points in one quarter. He expects overall credit growth of 14–15% this quarter, with MSME growth of 21–22% and agri growth of 18–19%. Loan rates are repriced the next working day after any change, with about 7 basis points of benefit expected from the recent repo hike, while deposit rates are expected to stay elevated for now. PNB plans to raise around $1 billion via MTN and has board approval for about ₹10,000 crore of infrastructure bonds, with timing dependent on market conditions.
- Festive demand to drive PNB retail loan growth to 17 - 18 %, MSME credit to grow 21 %: MD Ashok Chandra
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