Monetary Policy
PNB MD & CEO on RBI Monetary Policy

Growth expected
to be better

- PNB MD & CEO CH.S S Mallikarjuna Rao

In line with the market expectations, RBI has kept the Repo Rate unchanged.The accommodative stance has been maintainedinto the next financial year in order to ensure durable economic growth. The growth is expected to be better with the GDP estimate being revised upwards for FY21. Liquidity measures have been announced to revive activity and On Tap TLTRO has been extended to the stressedsectors identified by the Kamath committee. The credit offtake is expected to get a boost going forward we expect it to top at least 8% in the days to come.