RBI decision will keep pace of growth: Federal Bank CFO – NEWS 360 – BUSINESS

Kochi: Federal Bank Group President and Chief Financial Officer Venkataraman Venkateswaran said that while most economists were expecting a 25 basis point increase in the repo rate, many were surprised that there was no rate hike. The Reserve Bank maintains a good balance to control inflation and ensure that growth is not affected, which is good for sustaining growth. From the point of view of customers, further rate hike will start affecting their repayment capacity. He said that as it is a dynamic environment, it is now possible to take quick decisions and take action as mentioned by the Governor.

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