June 7, 2017 / 12:53 PM / 2 months ago

BRIEF-SBI exec says cut in RBI's inflation projection "to create room for rate cuts in latter half of year"

June 7 (Reuters) - State Bank Of India

* SBI exec says "large cut in inflation projection by RBI in monetary policy is in consonance with ground realities "

* State Bank of India exec says decision to reduce risk weights for home loans over INR 3 million category will release capital for banking industry, "is a positive move"

* SBI exec says inflation projection "likely to create room for rate cuts in latter half of year" Source text: [ "The large cut in inflation projection by the RBI in the monetary policy is in consonance with ground realities and is likely to create room for rate cuts in the latter half of the year. The decision to reduce the risk weights for home loans over Rs. 30 lakh category will release capital for the banking industry and is a positive move."] Further company coverage:

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