I don’t think there is scope for rate increase beyond perhaps another 25 basis points for FY19, said Vishwavir Ahuja, Managing Director and Chief Executive Officer, RBL Bank.

The Reserve Bank of India (RBI) yesterday announced its first rate hike in four and a half years.

Speaking to CNBC-TV18, he said, "In India, the domestic growth and inflation balance needs to be managed going forward. There will be a cyclical upswing in the gross domestic product (GDP) and other performance parameters for the economy as a whole. At the same time, one needs to make sure that monetary policy is consistent with that expectation. "

“We certainly expect to maintain our net interest margins (NIMs),” Ahuja said.

Speaking about expansion plans, Ahuja said, "Branch expansion plan is just one component of our overall strategy. Perhaps, we will add 40-60 branches every year going forward."

Credit card business will show significant profit contribution from next year, he said, adding that, partnership with Shriram Transport is for the payments platform.

First Published:Jun 7, 2018 12:44 PM IST