CRR cut will lower cost of funds, help banks’ NIMs; growth to pick up Q3 onwards: Keki Mistry

Keki Mistry, Former VC & CEO of HDFC, lauded the RBI’s 50 bps CRR cut, injecting ₹1.16 trillion into the system. This move is expected to lower banks’ funding costs, benefiting consumers without squeezing margins. Mistry predicts a GDP growth of 6.7-6.8%, exceeding RBI’s 6.6% forecast, driven by a reviving rural economy and urban pickup.