RBI Policy announcement is in line with expectations, says Chanda Kochhar – (MD and CEO, ICICI Bank)

“The monetary policy announcement is in line with expectations. The Reserve Bank of India (RBI) has noted encouraging trends in growth, indicative of a strengthening recovery. At the same time, it has opted to monitor inflation trends for some more time before taking any further steps to ease monetary policy. I expect to see easing of rates over a period of time as further transmission of accommodative monetary policy takes place. Inflation is within the targeted range and should this trend sustain, we could see further policy rate action as well. Overall, there is stability in the economy with a gradual improvement in growth.” - Chanda Kochhar, MD and CEO, ICICI Bank

About Chanda Kochhar:

Chanda Kochhar (Born 17 November 1961) is the managing director (MD) of ICICI Bank and its chief executive officer (CEO). ICICI Bank is India's largest private bank and overall second largest bank in the country. She also heads the Corporate Centre of ICICI Bank. In October 2014, she was conferred with an honorary Doctor of Laws from Carleton University, Canada in recognition of her pioneering work in the financial sector, effective leadership in a time of economic crisis and support for engaged business practices. Chanda Kochhar was selected in Time magazine's list of the 100 Most Influential People in theWorld 2015. 

Courtesy: Yahoo