Quote of Zarin Daruwala, CEO, India, Standard Chartered Bank on today’s RBI announcements

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Zarin Daruwala, CEO, India, Standard Chartered Bank
Zarin Daruwala, CEO, India, Standard Chartered Bank
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April 17, 2020

Zarin Daruwala, CEO, India, Standard Chartered Bank, said, “Within a month, the RBI has delivered a second booster shot to the economy. RBI’s decisive measures have sent out a clear pro-growth message. The easing up of liquidity coverage ratio (LCR) to 80% till September end and the NPA relief during the moratorium period, will improve appetite for credit delivery. The targeted long term repo operations (TLTRO) for the NBFC sector should also help address their liquidity pressures. Ample system liquidity along with the widening of the interest rate corridor to 65bps, should continue to aid monetary transmission.”

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Suman Munshi

Founder Editor of IBG NEWS (15/Mar/2012- 09/Aug/2018). Recipient of Udar Akash Rokeya Shakhawat Hossain Award 2018. National Geographic & Canon Wild Clicks 2011 jury and public poll winner. Studied Post Graduate Advance Dip in Computer Sc., MBA IT,LIMS (USA & Australia), GxP(USA & UK),BA (Sociology) Dip in Journalism (Ireland), Diploma in Vedic Astrology, Numerology, Palmistry, Vastu Shastra & Feng Sui 25 years in the digital & IT industry with Global MNCs' worked & traveled in USA, UK, Europe, Singapore, Australia, Bangladesh & many other countries. Education and Training advance management and R&D Technology from India, USA, UK, Australia. Over 30 Certification from Global leaders in R&D and Education. Computer Science Teacher, IT & LIMS expert with a wide fan following in his community. General Secretary West Bengal State Committee of All Indian Reporter’s Association
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