MPC Cuts Repo Rate By 40 Bps. Will This Provide A Balm On The Eco? | India Development Debate by ET NOW

MPC Cuts Repo Rate By 40 Bps. Will This Provide A Balm On The Eco? | India Development Debate

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On India Development Debate, Reserve Bank of India cuts Repo rate again by 40 bps & extends moratorium by 3 months. Will this provide a relief to the economy? CH. S. S. Mallikarjuna Rao, MD & CEO, Punjab National Bank says that the RBI measures announced today were good in terms of covering various areas, loan moratorium was required to be extended and that they can assess bank balance sheets more pragmatically in Q3 & Q4. Ashutosh Khajuria, Executive Director and CFO, Federal Bank says that entire loan & advances portfolio of banks is funded by public deposits & that Indians banks not too dependent on markets to fund their assets. Majority of the banks are linking their assets to policy rate, he added. Dr. SK Ghosh, Group Chief Economic Adviser, SBI says that we are seeing unprecedented times that may continue till June. Listen in to this discussion. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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