2025-02-08 03:14:13 pm | Source: Manappuram Finance Limited
Quote on RBI Monetary Policy by Mr. V. P. Nandakumar, MD & CEO, Manappuram Finance Limited
Below the Quote on RBI Monetary Policy by Mr. V. P. Nandakumar, MD & CEO, Manappuram Finance Limited
“The RBI's 25 basis point cut in the repo rate to 6.25%, after five years marks a pivotal move to boost liquidity in the financial system. With the Standing Deposit Facility now at 6% from 6.25% and the Marginal Standing Facility and Bank rates at 6.50%, this decision is expected to ease borrowing costs and fuel credit demand. It offers a timely boost for sectors such as housing, MSMEs, and consumer finance, positively impacting individuals and business in their growth journeys.”
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