Survey reveals that industry wants RBI to slash rates by 25 bps
By Joseph Samson
Jan 25, 2013
Print    Email    RSS   

A survey conducted by Royal Bank of Scotland (RBS) reveals that majority of industry hopes that Reserve Bank of India will slash policy rates by at least 25 basis points (bps) in its forthcoming monetary policy review.

The central bank is scheduled to release its monetary policy review for the third quarter on January 29. 2013. Earlier, RBI Governor D. Subbarao had expressed that though inflation may have reduced but it was still high enough.

On the matter, RBI has stated in its quarterly policy review, "The market is overwhelmingly poised for a rate cut, with more than 80 per cent of the 109 respondents expecting a 25-50 basis points cut in the repo and reverse repo rates."

The survey had covered more than 60 industry clients of the foreign bank, plus, more than 40 respondents from banking institutions, mutual fund based firms and insurance firms.

Most of the respondents believed that RBI will slash policy rates by about 25 basis points prior to March 2013 and to do an encore by the end of December 2013.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

What should you do if interest rates are...
Are you ready to file your taxes? Please...
How to go about ‘Leveraged Investing’
Home Loan: A way to reduce your taxable...
Tax Planning for Working Women in India

PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive