Bankers welcomes step by RBI decissions

Mumbai, Nov 1 (UNI) ICICI Bank Joint Managing Director Chanda Kochhar has welcomed the Reserve Bank of India decission of the reduction in Statutory Liquidity Ratio (SLR), Cash Reserve Ratio (CRR) and Repo rate are welcome measures to meet the objectives of maintaining adequate liquidity and financial stability as well as conditions conductive to economic growth.

The fundamentals in Indian economy and banking sector are strong and these measures will help banking sector to play its role of financial intermediation and will keep the economy on growth path amidst the challenging global condition, she added.

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