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.
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.