RBI Monetary Policy Reaction: Mr. V. P. Nandakumar, MD & CEO at Manappuram Finance

5 Apr 2024 , 06:08 PM

By maintaining status quo, the RBI’s interest rate panel sends out a clear message that any cut in rates or change in stance is not on its table till headline inflation returns to the median target of 4%.  However, commentary on economic growth with GDP expansion pegged at 7% for the current fiscal is reassuring since that means credit expansion will continue its momentum and that bodes well for lenders like us.