Views of Smt. Arundhati Bhattacharya, Chairman, SBI on the RBI Policy

Views of Smt. Arundhati Bhattacharya, Chairman, SBI on the RBI policy:

“The policy decision by RBI to stay put on repo rate was on expected lines. However, with the central bank inflation guidance suggesting a somber trend between now and August, frontloading a repo rate cut may be an option. The decision for more retail participation in G-SEC market is a welcome move. Allowing issue of rupee bonds will facilitate internationalization of the domestic currency. Allowing co-operative banks to issue credit cards and setting up ATMs is a step in the right direction in enabling a seamless access to bank finance.”