By:-Shri Binod Kumar, MD & CEO, Indian Bank
"MPC’s projected GDP growth for FY 27 of 7.1% reflects the resilience and strong macroeconomic fundamentals of the Indian economy. With the global monetary conditions remaining tight and inflationary expectations now projected at 5.2% for FY27, the RBI has also indicated a calibrated tightening by increasing the repo rate by 25 bps to 5.5% for managing India-US yield differentials. Indian Bank remains committed to support our customers through competitive lending rates and attractive deposit yields through timely policy rate transmission."
