RBI monetary policy announcement a pragmatic assessment : SBI Chairman

Kolkata, April 8 : The RBI monetary policy announcement is a pragmatic assessment of the current uncertain economic environment, said State Bank of India (SBI) Chairman Dinesh Khara on Friday. He said the RBI has rightfully re-calibrated the growth and inflation numbers and announced a slew of measures to support the government borrowing program in a non-disruptive manner. The SBI chairman said the measures to allow inter-operability in card-less withdrawal at banks will give a further impetus to QR code-enabled payments. The decision to set up a robust governance structure for digital payments is a logical corollary of this move. Overall, the policy announcement now prepares us for a world after COVID., he added. BM SJC

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