Hope the RBI takes action to bring rates down: SBI chief
Diwakar Gupta, MD and CFO of SBI, expects the RBI to bring down interest rates in order to bring back the industry back to health. He further hopes that macro-economic numbers will support the reduction in rates. The RBI will conduct the mid-quarter review of the monetary policy on Friday. The central bank has hiked rates 13 times since early 2010 to tame inflation.
