Quote on RBI's Monetary Policy Expectations from Mr. Kaushik Mehta, Founder & CEO of RUloans Distribution Services
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Below is Quote on RBI's Monetary Policy Expectations from Mr. Kaushik Mehta, Founder & CEO of RUloans Distribution Services
“As the Reserve Bank of India (RBI) is anticipated to maintain a cautious and potentially assertive stance, the impact extends beyond home and personal loans to various sectors like real estate and vehicle loans. With interest rates expected to remain unchanged until at least the first quarter of the financial year, stability prevails in the lending landscape, offering assurance to borrowers.
Stable interest rates provide a conducive environment for real estate investment and development, sustaining demand and growth in the housing sector. Similarly, in vehicle loans, unchanged rates ensure stability and affordability for consumers, supporting demand and growth in the automotive industry.
Overall, the RBI's cautious stance on interest rates reflects its commitment to managing inflationary pressures while ensuring economic stability. This stability influences not only home and personal loans but also benefits real estate and vehicle loans, fostering continued growth and investment in these sectors”.
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