'Rate cut by RBI is not a pre-condition for economic revival'

Arundhati Bhattacharya, chairman, State Bank of India, rang the opening bell on the Bombay Stock Exchange (BSE). The SBI chief in an exclusive interview to ET Now said that she doesn't expect RBI to cut rates immediately. "Rate cut by RBI is not a pre-condition for economic revival," she said. "Issue of lowering borrowing rates for banks continues to persist," she added.