Shri. Kamal Mahajan, Advisor – Treasury & Global Markets Bank Of Baroda, threw light on the country’s current economy. He said that inflation numbers are disturbing, however, core numbers are coming down. GDP numbers are coming down. Repo rates and reverse repo rates remain unchanged. Credit is lackluster, the cost of the deposit has not reduced. He added that maybe banks will reduce their spreads owing to direct competition. He further stated that the economy is not picking up.
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