RBI unlikely to cut rates in December, may lower CRR by 50 bps in two instalments & talk dovish: B Prasanna

B Prasanna from ICICI Bank discusses the recent unexpected GDP slowdown and anticipates an improvement in the second half. ICICI Bank predicts GDP growth rates of 6.5% in the second half and 6.3% for FY25. Measures like a CRR cut could help banks lend more, especially to small and medium businesses, with no immediate rate cut expected.