Manish Kothari, President & Head Commercial Banking, Kotak Mahindra Bank Limited
The RBI has announced the much expected 25 bps repo rate cut – focused on cautious growth, while remaining aligned to a durable inflation target! Headwinds stemming from global volatility seems to be high on RBI’s radar, as they maintained a neutral stance, while all domestic markers – Inflation, Agri & Mfg. activity, Consumption demand, Liquidity & Financial Markets – are showing a directionally positive flavor. For me, takeaway of the policy is, “be prepared for a smoother albeit slower ride, than a bumpy fast-paced one!”
Manish Kothari, President & Head Commercial Banking, Kotak Mahindra Bank Limited
