A cut would have been welcomed by sector

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Ms.-Shivakshi-Gogia-CEO-Ascent-Buildtech-2-150x150“A cut would have been welcomed from the sector however since the governor has decided not to change key ratios the sector will look upon RBI to push the bank to pass-on the benefit of the previous cuts to the customers especially at the  upcoming festive period. The RBI is expecting that the CPI (Consumer Price Index) based inflation will come down to acceptable level early next year so rate cut will likely to happen after that. A cut is required in future to improve market sentiments.”


Shivakshi Gogia, CEO Ascent Group