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 Money & Banking - Credit Market
‘Banks will make credit affordable’

Mumbai, Dec. 6

RBI on short-term interest rates, regulatory forbearance for the commercial real estate and viable units facing cash flow problems, SMEs, HFCs, exports, etc are pragmatic and in line with the needs of the economy. The cut in repo and reverse repo rates are related to short-term liquidity. As for affecting a cut in deposit and lending rates, we’ll have to see. The regulator has been forthcoming. So, banks will align rates to make credit affordable and make a differen ce to borrowers,” said Mr T.S. Narayanasami, Chairman & Managing Director, Bank of India. —

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‘Banks will make credit affordable’
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