Views of Smt. Arundhati Bhattacharya, Chairman, SBI on the Repo Rate Cut Announced by RBI

“We welcome the repo rate cut by RBI. With the Government embarking on a path of qualitative fiscal consolidation and the formal adoption of inflation targeting, inflation trajectory is expected to stay benign and will aid banks in their decision making. Our bank will take an appropriate call of a cut in base rate by looking at all evolving circumstances.”