This is with reference to the Monetary Policy where Mushtaq Ahmad, Chairman, Jammu and Kashmir Bank shares his view “Where the Central Bank has once again clearly indicated its focus on curbing inflation by not altering REPO or CRR Rates, it now vests with the banks as to how could they align their lending strategies in prevailing conditions.
Though SLR cut may infuse some liquidity into the banking system, the banks need to prioritize their lending.
We, at J&K Bank, have structured our lending policies considering these conditions and we are utilizing the liquidity in the best interest of our internal policies.”