Union Bank of India expects Rs 1,000 cr infusion this fiscal
Agencies: New Delhi, Dec 09 2012, 13:29 IST
mid-quarter review of monetary policy by RBI, Sarkar said: "As a banker I expect that there should be some reduction in the policy rates. It will boost up the sentiment and economic sentiment."
There is expectation that repo rate or CRR could come down by about 25 basis points, he said.
On concerns of sticky inflation, the Reserve Bank of India (RBI) left key policy rates unchanged in its last quarterly review of the monetary policy in October.
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