7 Industry Honchos Comments On RBI's Credit Policy
By SiliconIndia
4. Aditya Puri MD & CEO, HDFC Bank
Aditya Puri says that there would not be any such impact of the repo rate cut by the RBI on the costs, till the liquidity is in a stable level.
He also said that in order to witness a decline in the deposit rate, there should be an overnight borrowing of Rs.60,000 crore.
5. Ravneet Gill CEO, Deutsche Bank
Ravneet Gill, who has been serving as the CEO of Deutsche Bank since 2012 thinks that the repo rate might fall by another 75 bps by September 2013. This fall might affect the Wholesale Price Index (WPI) to fall by 5 percent or even more. And if this turns into reality, the Indian economic growth has to be stirred up.
He also said that in order to improve the transmissions related to money matter, measures should be taken on liquidity management.
Also Read: RBI's New Banking License: Permits Only to High Quality Applications How Brands Like Google And Apple Tricked Tax?
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