RBI policy is on expected lines: Bandhan MD & CEO
Kolkata: Bandhan Bank CEO & MD Chandra Shekhar Ghosh while commenting on RBI monetary policy said, "On the expected line, the RBI has kept its repo rate unchanged at 6% and consequently the reverse repo rate remains at 5.75%. The stance of the policy rate is also unchanged – neutral."
"Interestingly, the RBI has pared its inflation projection for the fiscal year 2018-19 with upside risks even as the projection for economic growth has been raised. The central bank's future actions will depend on the forthcoming inflation and growth data." he added.
RBI has also made a string of announcements on banking regulations. Notable among them are deferment of the implementation of Ind AS.