SBIs Setty sees 50 bps more rate hikes, says retail loan quality unlikely to suffer Reserve Bank of India chairman notes upcoming rate hikes may impact discretionary consumption demand. He emphasized that the quality of retail assets is expected to remain stable at the system level. Sethi indicated an expected rate hike of 0.50 percent in December, followed by a pause in February. In addition, he discussed plans for a new version of the Juno app aimed at Jan Dunn account holders.