Rating officials said that while they took note of the Reserve Bank of India’s statement over the week-end that the bank was well-capitalised, they would keep a track on the bank’s security prices, liquidity position, reports of any deposit withdrawal, and assess the bank and its promoters’ ability to raise equity.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction