SBI pegs India’s FY25 GDP growth at 6.3%, lower than 6.6% RBI estimate

The State Bank of India believes that FY25 GDP growth will be 6.3 per cent, lower than the RBI estimate of 6.6 per cent.
The release of $13.67 billion due to RBI’s cash reserve ratio (CRR) cut may ease the liquidity situation in the coming months, it noted.
The CRR cut may not mathematically translate to any change in deposits and lending rate, though it may positively affect banks’ margins.

​The State Bank of India believes that FY25 GDP growth will be 6.3 per cent, lower than the RBI estimate of 6.6 per cent.
The release of $13.67 billion due to RBI’s cash reserve ratio (CRR) cut may ease the liquidity situation in the coming months, it noted.
The CRR cut may not mathematically translate to any change in deposits and lending rate, though it may positively affect banks’ margins.