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Comments of Ms Chanda Kochhar, MD & CEO, ICICI Bank on RBI Credit Policy | ||
India Comments of Ms Chanda Kochhar, MD & CEO, ICICI Bank on RBI credit policy:
The decision to keep policy rates unchanged is in line with market expectations, and underscores the stability of thinking in monetary policy. The inclusion of SLR securities up to 5% in the computation of LCR is a very welcome move, and will ensure the transition to LCR in a smooth, non-disruptive maner. Overall, today's policy takes forward the development of the new monetary policy framework and the approach to banking system development, while ensuring that global requirements are implemented in a non-disruptive manner and factoring in the Indian scenario |
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