Mr. Manish Kothari, President & Head – Commercial Banking, Kotak Mahindra Bank Limited
“RBI Governor’s focus on ensuring that inflation progressively aligns to its target of 4% on a durable basis – leads to the Reserve Bank keeping the policy rates unchanged as well as maintaining its stance on withdrawal of accommodation! The Governor however alluded to the fact that the Inflation-Growth balance is moving favourably, although food inflation continues to remain elevated. I guess a normal monsoon and lower global commodity price uncertainty may turn out to be the key lever for RBI making a shift in their stance towards a rate cut. There is definitely, for now, a reason to maintain, “Poise, Patience & Perseverance” as the Governor concluded!”
