PSU lender, Central Bank of India anticipates that the September review of monetary policy would not introduce any more alteration in main policy rates. This was stated by chairman and MD S Sridhar. The review is planned to be held on September 16.
Sridhar states, “I expect status quo from RBI on September 16”.
Talking on the same remark, foreign lender, HSBC India’s chief Naina Lal Kidwai said that the bank also anticipates constancy in policy rates during the monetary policy review in this quarter.
Kidwai stated, “We have a situation where inflation is coming under control. We expect rates to remain unchanged for now but will go up later in November,” said.
She said, “We are witnessing growth across sectors. Indian companies are going overseas, investments are on the cards, retail and housing demands are picking up”.
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