MUMBAI: : ICICI Bank is looking at the possibility of an interest rate cut, adding it was still assessing the demand-supply position for credit. “Let’s wait and see what happens. This is the last quarter of the year where rates normally tend to increase. It would be unwise to say how rates will move in the next six weeks. We also have to see the demand-supply gap,” the bank’s CEO K V Kamath said.

Asked about the slowdown in the bank’s credit offtake, Kamath said there has been a slow-down in automobile and mortgage portfolios. “There was a slowdown in segments like automobiles. There was an impact in the mortgage business also, due to high cost of property prices,” Kamath said, adding,”there was no serious impact across the board.”