Views of Smt. Arundhati Bhattacharya, Chairman, State Bank Of India on The RBI Monetary Policy

Smt. Arundhati Bhattacharya, Chairman, State Bank Of India commented on the RBI Monetary Policy 

“The decision to cut repo rate is welcome and timely. With credit demand expected to perk up, we anticipate the rate cut will transmit through the banking system sooner than later. With monsoon forecast going a little awry and the RBI upping its inflation projections for March FY16, the Government should now push for more public infrastructure spends that would support growth in the near term and create more jobs.”