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Below are Views On RBI`s MPC expectedly stood pat on policy rates and reiterated accommodative By George Alexander Muthoot, Muthoot Finance

“RBI’s MPC expectedly stood pat on policy rates and reiterated accommodative stance as long as necessary to ensure economic activities are fully supported for durable recovery despite second wave of Covid-19 cases. The central bank retaining its 10.5% GDP growth forecast for FY22 shows faith in contribution to economic revival by key sectors and its liquidity measures along with bank lending to NBFCs being extended till September 30, 2021 is an acknowledgement of the systematically important role NBFCs have played in lending to the last mile. We remain steadfast and true to our promise of supporting all financial needs of MSMEs and individuals in making them Atmanirbhar.”

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