Mumbai, Mar 31: Reserve Bank of India will announce the annual monetary and credit policy statement for the year 2004-05 on May 18. RBI governor Y V Reddy will unveil the policy at a meeting of chief executives of major scheduled commerical banks on May 18, the central bank said in a release here today.
Bankers said the policy statement since fiscal 1995-96 was always presented in April but has been postponed by nearly a month because of general elections, bankers said.
Bureau Report