Ankur Mishra getting some other key highlights from this policy
meeting.
Yes, it's a no change policy as far as repo
rate and change of stance is concerned.
The Reserve Bank of India Governor has maintained the withdrawal
of accommodative stance but there are few of the warnings
which has been given by Reserve Bank of India Governor
to banks are one of them is the moving of
retail money towards alternate investment avenues.
Now this household financial savings not going into the safe
deposits like earlier is A cause of concern although it
is a choice of the investor.
The depositor to weather put money in banks or some
other avenues which they wish like but the direction has
been given to banks to find innovative ideas to also
find different kind of services so as they can garner
deposits and the potential liquidity risk which may rise out
of this situation has been borne by Reserve Bank of
India governor. Now as far as liquidity situation is concerned
is the Bank of India has clearly said that it
is monitoring the situation and.
Global situation has been also talked about by Reserve Bank
of India governor but they are saying that as far
as US recession is concerned,
they are just watching the data and the current data
doesn't signify that there is a recession in the United
States.
However, they are closely watching the situation.
Apart from that, as far as the target of inflation
is concerned,
that has been kept intact at 4.5%
but there is also a guidance given for the next
financial year that is Q1 of FY.
Six that has been kept at 4.4%,
however, the GDP growth data target has been kept at
unchanged.
This is this remains at 7.2%
and similarly even the next year guidance stays at 7.2%
GDP for FY20 6.
Order so 7.2% is the FY20 6 guidance that has
been laid out by the central bank.
Meanwhile, amidst mounting concerns of a credit growth outpacing deposits
and heightened risks in lending,
we spoke with Ashwini. If you like this video,
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