TIL Desk/Business/New Delhi-Various policy initiatives taken by the Reserve Bank of India in its first bi-monthly review of 2017-18 with focus on inflation and stressed asset management will restore confidence of investors in the economy, say bankers. While leaving the repo rate intact, the Reserve Bank said it will take steps to deal with the mounting problem of bad loans in the banking sector and try to keep inflation in check.
State Bank of India Chairman Arundhati Bhattacharya said it (the policy) is on the “expected lines” even though reverse repo rate was hiked to 6 per cent. “On the developmental and regulatory policies front, the RBI has announced a number of measures… all these will go a long way in improving the financial system,” she added.
“RBI’s continued focus on inflation targeting will reinforce confidence in the Indian economy and continue to support capital inflows. ICICI Bank MD and CEO Chanda Kochhar said RBI’s continued focus on inflation targeting will reinforce confidence in the Indian economy and continue to support capital inflows.
