Expect Further Reduction In MSF: IOB
  • Elizabeth George
  • Sep 24 2013

September 24: Reviewing the RBI policy, Indian Overseas Bank Chairman M. Narendra says the short-term rates are coming down. No bank will be aggressive in increasing rates for bulk deposits, he says. “The repo rate hike per se will not increase the cost of funds,” he says, adding that there are expectations that the RBI will further reduce MSF as and when appropriate.