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RBI policy statement is nuanced, nimble, forward looking: SBI Chairman

He said a marginal downward revision in growth estimates reveal that the only certainty in the current environment is uncertainty. A visible improvement in consumer and business confidence as per RBI surveys augurs well for the future growth outlook.

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Kolkata: State Bank of India (SBI) Chairman Dinesh Khara on Wednesday said the RBI policy statement is nuanced, nimble, forward looking and ensures a fine balancing tradeoff between growth and inflation.

He said a marginal downward revision in growth estimates reveal that the only certainty in the current environment is uncertainty. A visible improvement in consumer and business confidence as per RBI surveys augurs well for the future growth outlook.

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Imparting operational flexibility to banks in managing their investment in HTM limit will have an orderly impact on domestic yields. The steps to augment the payment infrastructure will ensure a continued traction on digital front, SBI Chairman added.

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