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RBI maintain accommodative stance, but the withdrawal of the accommodation in the next 3-4 months is inevitable: YS Chakravarti, Shriram City

8 Apr 2022 , 02:57 PM

“The RBI has maintained its accommodative stance, but the withdrawal of the accommodation in the next 3-4 months is inevitable. RBI has raised its inflation and lowered its growth forecast given the global uncertainty looming that will have a dual impact on growth & inflation in FY23. The re-introduction of the standing deposit facility (SDF) rate at 3.75% as a tool to pull out surplus liquidity will mean that at a system level banks and in turn NBFCs may have to borrow at a slightly higher rate, although the SDF will only be applicable to overnight deposits.

Deposit rates have already started moving higher, and with a lag, lending rates may move up in 1H FY23. The housing loans risk weight guidelines getting extended for another year will put more capital in the hands of home financers and boost retail home loans,” Mr. YS Chakravarti, MD & CEO, Shriram City says.

Related Tags

  • inflation.YS Chakravarti
  • NBFC
  • RBI
  • RBI policy
  • Shriram City
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