Comments of Ms. Chanda Kochhar, MD & CEO, ICICI Bank on RBI Rate Cut

Comments of Ms Chanda Kochhar, MD & CEO, ICICI Bank on RBI Rate Cut:

“The rate cut by RBI was widely anticipated and is a welcome move. Together with the various initiatives being taken by the government, the rate cut would strengthen the positive momentum in the economy by lowering borrowing costs as the lower rate regime reflects in bank funding costs over time. We need to continue to address the issues impeding output and investment in key sectors to leverage this momentum for growth.”