RBI MPC Reaction : Amidst global uncertainties, the RBI`s decision to maintain the repo rate aligns with our expectations says Aalesh Avlani, Credit Wise Capital
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Below the Quote on RBI MPC Reaction by Aalesh Avlani, Founder and Director, Credit Wise Capital
“Amidst global uncertainties, the RBI's decision to maintain the repo rate aligns with our expectations. This decision brings a welcome dose of optimism as we step into the festive quarter, serving as a significant means for increased consumer products including automobile purchases during this festive season. Also, it's reassuring to see the RBI recognizing the resilience in credit growth within the banking sector. Moreover, the RBI's decision to permit middle and base layer NBFCs to utilize credit risk mitigation tools to reduce counterparty exposures under credit concentration norms is a welcome move.”
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