Quote of Mr Rana Kapoor, MD & CEO, YES Bank on the RBI Repo Rate Cut

“I am not surprised at this strategic move by the RBI as it comes on the heels of the remarkable budgetary framework outlined by the FM. It is reassuring and points towards increasing synergy between the fiscal and monetary policymakers. I expect that there will be room for incremental monetary easing to the extent of 150 bps by the end of FY16, which will boost sentiment and reignite on-the-ground investment activity”.