Quote on the RBI MPC Meeting held today by Mr. Aalesh Avlani, Co-founder, Credit Wise Capital
Below the Quote on the RBI MPC Meeting held today by Mr. Aalesh Avlani, Co-founder, Credit Wise Capital
RBI’s decision to maintain the repo rate at 5.50% is a welcoming step that balances growth and inflation management. The central bank’s push for a faster and more inclusive credit ecosystem is a step in the right direction.
Also, it’s encouraging to see the continued resilience in rural consumption and the buoyancy in the services sector. There has been a continuous expansion in the issuance of non-bank credit.
Simultaneously, corporates are increasingly relying on alternative securities such as commercial papers and bonds and even ECBs now. This trend reflects the evolving role of NBFCs in India’s credit ecosystem.
We believe that these measures from the RBI will fortify the growth of financial inclusion, and we remain advocates of enabling last-mile credit fulfillment for aspiring India's population.
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