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Informist, Wednesday, Aug. 6, 2025
MUMBAI - Binod Kumar, managing director and chief executive officer, Indian Bank, said the following on the Reserve Bank of India's third bi-monthly monetary policy for 2025-26 (Apr-Mar) detailed on Wednesday:
As RBI had frontloaded rate cuts, it was expected to maintain status quo. It is a welcome move. However, it leaves room to reconsider in coming months as CPI is benign and a push for growth may be required. At Indian Bank, we have already passed on the benefits of previous rate cuts and expect further normalisation in MCLR (marginal cost of funds-based lending rate) as cost of funds continue the southward journey. End
Compiled by Muskan Lodhi
Filed by Deepshikha Bhardwaj
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