2024-02-08 04:20:46 pm | Source: PR Agency
RBI credit policy Comment by Krishna Kanhaiya, CEO of Mirae Asset Financial Services
Below the Comment on RBI credit policy by Krishna Kanhaiya, CEO of Mirae Asset Financial Services
The repo rate was anticipated to stay unchanged, aligning with efforts to stabilize inflation. While financial institutions would like the rate to go down to lower the borrowing costs, higher risk weights for retail loans pose additional challenges. Some lenders may have already adjusted interest rates for end retail borrowers to address rising costs. A potential repo rate cut may be anticipated upon achieving sustained core CPI below 4%,"
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