06-10-2023 02:41 PM | Source: PR Agency
Quote On RBI Monetary Policy By Venkatraman Venkateswaran, Federal Bank
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Below The Quote On by Venkatraman Venkateswaran - Group President & Chief Financial Officer at Federal Bank
"The RBI Monetary Policy Committee (MPC) has decided to maintain the status quo on the Repo rate, aligning with expectations. Considering that the transmission of the rate hikes hasn’t been fully passed on, it was a prudent decision to adopt a wait-and-watch approach. Inflation management remains a focal point for the central bank, with a clear indication that the MPC will intervene if necessary to prevent any spillover effect from food or oil price inflation.
Given the broad-based credit growth and the relatively favourable state of the Indian economy compared to the global economy, banks will continue to pursue retail deposits."
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