MUMBAI, 4 DECEMBER, 2020 (GPN): Sh CH. S. S. Mallikarjuna Rao, MD & CEO Of Punjab National Bank quoted-

“In line with the market expectations, RBI has kept the Repo Rate unchanged. The accommodative stance has been maintained into the next financial year in order to ensure durable economic growth.

The growth is expected to be better with the GDP estimate being revised upwards for FY21. Liquidity measures have been announced to revive activity and On Tap TLTRO has been extended to the stressed sectors identified by the Kamath committee. The credit offtake is expected to get a boost going forward we expect it to top at least 8% in the days to come.”