Quote on Monetary Policy Announcement by Mr Pralay Mondal, MD & CEO, CSB Bank
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Below the Quote on Monetary Policy Announcement by Mr Pralay Mondal, MD & CEO, CSB Bank
“The Central Bank has been looking at data and deciding on policy objectively. The food inflation and the impact of base effect on inflation doesn’t warrant a looser monetary policy. The reduction of reporting periodicity to CIC and continuous clearance of cheques are welcome steps. We believe that RBI will continue to keep the system liquidity in surplus to ease pressure on bank deposits.”
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