Corporate credit is expected to pick up, which will lead to asset creation and employment generation, said Melwyn Rego, Managing Director and CEO, Syndicate Bank, on the recent RBI monetary policy.
“The government’s ‘Housing for All by 2022’ will undoubtedly get a fillip with interest rates going down,” he added. The repo rate cut of 25 basis points was on expected lines, he said. “The neutral stance of the RBI suggests that the economy is able to sustain with lower inflation rates while keeping open the scope for further softening of policy rates in the second half of this fiscal given the ample liquidity,” explained Rego.