Bengaluru, February 06, 2016: “The cost of funds have not gone down for corporate India and this is what the RBI and the banking system has to take a note of. This is not about inflation anymore, but about economic growth, which seems stalled at the moment. While we agree the RBI has done its bit, aggressive cuts are still warranted from the RBI with a similar quick response by the banking system, who are seen averse to passing on the benefit to the end customers such as corporate India. This will only aggravate the situation further.
However, we hope that the next six months should see response from RBI and the banking system, which will not only kick start the investment cycle but help change the broader economic picture.”
Corporate Comm India(CCI Newswire)
