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Perspective on RBI Monetary Policy by Mr. Saikrishnan Srinivasan, MD, Experian Credit Information Company of India

“The 32nd Monetary Policy has brought forth a list of optimistic announcements that will help streamline lending and mitigate credit risk. The decision to introduce a unified regulatory framework is a welcome move, as it will enable structured operations in credit pricing and management. The regulatory framework for digital lending, specifically web aggregation for loan products, will enhance customer-centricity and increase transparency. This step will enable better coordination of operations across financial institutions, and their partners to strengthen the credit ecosystem.

India is evolving rapidly with unmatched technology led financial capabilities that has created a world class payment ecosystem. Increasing the UPI limit from Rs. 1 lakh to Rs. 5 lakhs for payments to educational institutions and healthcare, and the increase in e-mandate limit for recurring online transactions via UPI to Rs. 1 lakh, will enable consumers to pay more seamlessly. Overall, the policy is on the anticipated lines, and announcements on UPI and the regulatory framework are welcome moves.”

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