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Sunteck Realty Limited

Banks to reduce home loan rates further in this fiscal: Kamal Khetan, CMD - 0 views

    The Reserve Bank of India kept key interest rate unchanged in the third monetary policy review. The RBI status quo was widely anticipated by the market participants. Repo and reverse rates stood at 7.25% and 6.25% respectively. At the same time, cash Reserve ratio (CRR) and statutory liquidity ratio (SLR) retained at 4% and 21.5% respectively. Commenting on the monetary policy announcement, Kamal Khetan, CMD, Sunteck Realty said, 'RBI's move to keep the repo rate unchanged was an expected one considering the recent rate cuts. However, several measures like increase in bank lending to productive sectors & foreign portfolio investors being allowed to invest in G-secs after their investment limits are utilized signal the central bank's pro-activeness to mobilize the Indian Reserve.
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