RBI MPC announcement reaction by industry leaders!

Mr. Y. Viswanatha Gowd, MD & CEO of LIC Housing Finance “Keeping repo rates the same is a welcome decision. This may put to rest the anxiety amongst the borrowers that emanated with the EMI increase consequent to a series of repo rate hikes. Today’s move sends a positive signal and improves the sentiments. We expect the real estate along with other sectors to build up on this as it has come at the beginning of the new financial year. The prospective homebuyers will now be encouraged to crystallise their buying decision.”

Dr. Pawan Singh, MD & CEO, PTC India Financial Services The decision to maintain repo rate at 6.50% is positive news. It augurs well for the economy as well the corporate sector. The RBI has relatively balanced both inflation pressure and growth. The stabilization of interest rate for PFS is positive as we are helping meet national priority 1) meet net zero target 2) support climate finance 3) develop clean sustainable infra in the country, renewables, water, clean sanitization, green hydrogen, green mobility & infrastructure NMCG projects, transmission lines.”

Mr. Aalesh Avlani, Founder, Credit Wise Capital “The RBI’s decision to keep the repo rate unchanged is expected to provide a much-needed boost to the NBFC sector and gives clarity on the overall direction the RBI is heading towards. This allows financial planning and maintaining borrowing costs not just for financial institutions but also for retail customers who have seen their EMIs rise significantly. Therefore, the pause button on the repo rate hikes should support the existing growth momentum in the NBFC sector.”

Mr. Niraj Kumar, Chief Investment Officer, Future Generali India Life Insurance Company Ltd “Overall, an extremely Credible and Balanced Policy verdict, adding credence to our belief that India’s rate hike cycle is almost done. The decision to keep rates unchanged yet again exemplifies the pragmatic approach by RBI who has pre-empted a pause just the way it had pre-empted the rate hike cycle, unlike its global counterparts. RBI has indeed shown a very credible and fine balancing act and has not succumbed to the spectre of Inflation and other global central bank actions. RBI has instead taken its own course of policy path, which is indeed commendable in the current global economic backdrop.”


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