Rate cut good for banking and other industries: Prashant Kumar, SBI
  • WebDesk BTVI
  • Aug 07 2019

Prashant Kumar, DMD & CFO, SBI, speaking on the impact of 35 bps cut by RBI and revision for NBFCs, says the RBI repo rate cut was not expected, terms the rate cut as positive for banking and other industries, further says risk weightage on consumer loans helps banks increase the credit flow into the sector. Kumar also discusses lending to NBFCs.