Zarin Daruwala, CEO, India, Standard Chartered Bank – comment on RBI policy

Jaipur,April 04, 2019

Zarin Daruwala, CEO, India, Standard Chartered Bank, said:

“The 25 basis points repo rate cut along with the recent three-year swap announcements and the higher Statutory Liquidity Ratio / Liquidity Coverage Ratio (SLR/LCR) overlap, will not only aid in monetary transmission but will also increase the flow of credit to the system. The constitution of the committee to study the international best practices for securitisation of the housing market and the setting up of a task force for proposing measures to develop a secondary market for corporate loans can play a critical role in managing the credit and liquidity risks for the banking sector.”

 

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