Comments of Ms Chanda Kochhar, MD & CEO, ICICI Bank on RBI Credit Policy

Comments of Ms Chanda Kochhar, MD & CEO, ICICI Bank on RBI credit policy:

“The policy statement has articulated confidence in the economic scenario and the positive direction in which the economy is moving. There are a number of positive policy measures, such as enhancing retail investor access to the g-sec market, permitting Indian companies to issue rupee bonds overseas and permitting market-linked compensation for non-executive directors of banks. Interest rates can be expected to come down as the policy measures already taken reflect in banks’ cost of funding.”