Views of Ms. Arundhati Bhattacharya, Chairman, State Bank of India on RBI Monetary Policy

Views of Ms. Arundhati Bhattacharya, Chairman, State Bank of India on RBI Monetary Policy:

“RBI policy was in line with market expectations of a status-quo. The SLR cut is expected to provide growth supportive liquidity of about Rs. 45,000 crore. The flexibility regarding the DCCO will enthuse companies with strong balance sheets to consider taking over stuck Projects. With inflationary expectations at a 21 quarter low and coupled with a benign global environment, we are in the early phases of a prolonged rate easing cycle.”