7 Industry Honchos Comments On RBI's Credit Policy
By SiliconIndia
2. Raghuram Rajan Chief Economic Advisor
The Chief Economic Advisor to the India Government says that if the prices go high, things should stay low. According to him, the only way to have a balanced economy in case of inflation, is to bring down the food prices. And this can also be the only way to take the nation forward in scenarios where the repo rate has been cut down.
3. Chanda Kochhar CEO, ICICI Bank
According to India’s leading lady in the banking sector, Chanda Kochhar, the repo rate cut by the RBI will build the Indian finance market better and strong too. This will also improve the capability of the direct benefit transfers.
She also thinks that process like ‘Third Party Distribution’ and ‘Know Your Customer’ (KYC) norms, which has been bank’s sector of interest, are in the best forms.
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