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Source Name: Federal Bank

Comments of Mr. Shyam Srinivasan, MD & CEO, Federal Bank on RBI’s Monetary Policy

Sep 30, 2014   16:00 IST 
Mumbai, Maharashtra, India

Breaking the back of inflation has been the focus of RBI. True to this credo has been the monetary policy stance today. The tone of the policy was dovish and one could expect a softening stance on rates in a few quarters, contingent of course on data that supports the choice.


The relaxation in guidelines on Liquidity Coverage Ratio would facilitate banks meet the LCR requirements. The decision to put up guidelines for declaring borrowers as ‘non co-operative’ and a Central Fraud registry would help ensure better credit discipline and reduce risk.


Policy guidelines for the Bharat Bill Payment System, Trade Receivables Discounting System and standardization of processes in mobile banking services would promote electronic channels, reduce the use of cash in the system and provide finance to MSMEs on easier terms.

Mr. Shyam Srinivasan, MD & CEO, Federal Bank
Mr. Shyam Srinivasan, MD & CEO, Federal Bank
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