Rate hikes here to stay: Kotak Mahindra Bank
Shanti Ekambaram, group head – wholesale banking at Kotak Mahindra Bank Ltd, says given that where the inflation is hovering now, it can cause havoc to our economy, so a rate hike of 0.25 per cent was necessary. She thinks the RBI would need to raise rates by 0.75 per cent from here on.
