Quote on RBI MPC by Mr. Sadaf Sayeed, CEO, Muthoot Microfin
Below the Quote on RBI MPC by Mr. Sadaf Sayeed, CEO, Muthoot Microfin
“Holding the rates was on expected lines, especially since the RBI had front-loaded a 50 bps rate cut in the last monetary policy. The focus now shifts to the transmission of these rate cuts. So far, out of the 100 bps cut since the new Governor took charge, only 55 bps has been passed on. The remaining transmission is critical to ensure that the benefits reach consumers. Effective transmission will support credit growth, which in turn will boost consumption and contribute to overall GDP growth.”
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Quote on RBI MPC Views by Mr. Binod Kumar, MD & CEO, Indian Bank
