7 Industry Honchos Comments On RBI's Credit Policy

6. Shikha Sharma CEO, Axis Bank

The Axis Bank’s CEO, Shikha Sharma thinks that while the banks are taking loans from the Reserve Bank, such kind of rate cuts by the RBI might affect these banks and will also make the liquidity situations harder.

While talking to Times of India, she said, "Bank borrowings from RBI under the liquidity adjustment facility continues to be around Rs.1,00,000 crore. Although certificate of deposit rates have come down, they are only off their peak level. For interest rates to fall the cost of funds have to come down for banks and it is the liquidity situation that will determine their cost of funds."

7. Pramit Jhaveri CEO, Citi India

According to Pramit Jhaveri, the repo rate cut by the RBI cannot compulsorily end up in better growth rates or cannot communicate a change in the rate.  Till the liquidity conditions develop with the rise of the spending from various sectors, there won’t be any adamant changes in the prices.

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