In an interview to CNBC TV18 Bazaar, Shri P.S. Jayakumar – MD & CEO, Bank of Baroda expressed that the recent rate cut has a positive impact and is leading to an increased demand in the market. In the banking industry after digitization he said that progress is under wave and a significant change is expected in agriculture and government platforms. He also expected a loan growth of 11-12 % in FY 20 and thus, an improved margin.

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