RBI MPC reaction : This will also help spur growth during the crucial festive season says Shilpa Pophale, Electronica Finance Limited
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Below the quote on RBI MPC reaction by Shilpa Pophale, Managing Director & CEO, Electronica Finance Limited
“RBI’s decision to keep the key policy repo rate unchanged at 6.5 per cent is a positive move. This will send a positive signal to the various constituents of the economy including our customer segment of MSME borrowers and ensure that the investment cycle continues. This will also help spur growth during the crucial festive season. Another welcome move is of RBI allowing middle and base layer NBFCs to use credit risk mitigation instruments for reducing counterparty exposures under credit concentration norms. ”
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