RBI’s Monetary Policy growth oriented: Bankers

04 Feb, Mumbai

Image Bankers have termed RBI’s sixth bi-monthly monetary policy review as growth-oriented, as the reduction in Statutory Liquidity Ratio will release more funds into the system. However, all the bankers have ruled out an immediate cut in lending rates, saying they will wait for the Budget.

Reacting to the sixth bi-monthly monetary policy issued by RBI Tuesday , SBI chief Arundhati Bhattacharya said that the policy was in line with market expectations. For SBI, the move will release about 7,000 crore rupees.
Chief Executive Officer and MD of ICICI Bank Chanda Kochhar said that the decision to hold the policy rates is in line with the RBI’s approach of observing inflation trends over a period of time before taking policy action.