The policy was more or less along expected lines: Anshula Kant, SBI
In a chat with ET Now, Anshula Kant, SBI says that I was little happy to hear in the Q&A post the governor speech their openness to bank concept.
There could be a rate hike at some point of time in calendar year 2017.
The policy was more or less along expected lines you know some commentary of course was a tad unexpected but more or less we had not really expected a rate cut at this point given the significant uncertainties over the next three months at least in terms of how this post demonetisation inflow of deposits and liquidity plays out. We are okay with this and in fact I was little happy to hear in the Q&A post the governor speech their openness to bank concept and also when they spoke about the right price and all those structures will have to be worked out. So I am glad that at least RBI is thinking along those lines. They also mentioned about capitalisation for the banks happily SBI at least is currently very well placed and very well capitalised so that concern is not so much on the table for us at the moment. It was along expected lines and as of now the CASA inflow that has happened during November and December it is proving to be more sticky in fact than we had expected, so far only about 7% to 8% in saving bank account we have seen some outflows during January not more than that. Let us see how after 13th of March when all the limits are lifted how it plays out but we are now expecting to retail more than 50% of it for a few months at least.
There could be a rate hike at some point of time in calendar year 2017.
The policy was more or less along expected lines you know some commentary of course was a tad unexpected but more or less we had not really expected a rate cut at this point given the significant uncertainties over the next three months at least in terms of how this post demonetisation inflow of deposits and liquidity plays out. We are okay with this and in fact I was little happy to hear in the Q&A post the governor speech their openness to bank concept and also when they spoke about the right price and all those structures will have to be worked out. So I am glad that at least RBI is thinking along those lines. They also mentioned about capitalisation for the banks happily SBI at least is currently very well placed and very well capitalised so that concern is not so much on the table for us at the moment. It was along expected lines and as of now the CASA inflow that has happened during November and December it is proving to be more sticky in fact than we had expected, so far only about 7% to 8% in saving bank account we have seen some outflows during January not more than that. Let us see how after 13th of March when all the limits are lifted how it plays out but we are now expecting to retail more than 50% of it for a few months at least.
