Comments
The Corporation Bank Chairman-cum-Managing Director, Mr Ajai Kumar, has said that the repo rate cut is in line with industry sentiments.
Terming the repo rate cut by 50 basis points as a welcome move, he said it is much in line with the industry sentiments, and more than the anticipated 25 basis points.
“However, the policy also indicates that there may not be too many aggressive rate cuts during the year. This is in view of continuing upside risks to inflation, the suppressed fuel inflation and sticky food inflation,” he said.
The fiscal deficit and the current account deficit remain a concern and would be things to watch.
Terming the expected credit growth at 17 per cent as quite reasonable, Mr Ajai Kumar said the inflation at .5 per cent is still higher for an economy like India.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.