Reaction on RBI credit policy

Comments of Ms Chanda Kochhar, MD and CEO, ICICI Bank on RBI credit policy:

“The rate cut is a welcome step considering the need to further improve domestic demand and revive credit growth. The uncertainties cited in the policy statement present a pragmatic evaluation of economic conditions warranting a guarded approach, particularly with regard to risks to inflation and impact of monsoon. In summary, the policy stance is in alignment with the current economic conditions and the issues that require structural policy changes.” / (June 2, 2015)