CRR cut will lower cost of funds, help banks’ NIMs; growth to pick up Q3 onwards: Keki Mistry
Keki Mistry, Former VC & CEO, HDFC, says a combination of an improvement in the rural economy plus a pickup in the urban economy will drive growth much higher. Mistry expects that the GDP growth will be in the higher sixes range, 6.7-6.8% though RBI’s estimate is about 6.6%. Also, 50 bps CRR cut will…