SBI Sees More Rate Cuts By RBI This Year
  • WebDesk BTVI
  • Aug 20 2019

PK Gupta, Managing Director at State Bank of India (SBI), expects the Reserve Bank of India (RBI) to further reduce rates by about 40 basis points this year. Speaking on the auto sector slowdown, he said many auto dealers have seen inventory pile up, which is leading to non-repayment of loans. He said a lot of discussions are going around on stalled projects refinancing, and we should expect some resolution from the government on the same. Here’s more.