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Quote on RBI MPC Policy By Akshay Mehrotra, Cofounder & CEO, Fibe

Akshay Mehrotra, Cofounder & CEO, Fibe said, “RBI’s decision to keep the repo rate unchanged for the sixth consecutive time sends a strong positive signal about the resilience of the Indian economy that should put us on a strong growth trajectory. Besides, the decision to introduce a regulatory framework for web-aggregators of loan products is in line with the Central Bank’s commitment to ensure transparency in the digital lending ecosystem thereby safeguarding consumer interest. Millennials prefer increased accessibility and convenience when it comes to accessing credit digitally and the penetration of web aggregators in the lending ecosystem is to meet the expectations of consumers. Such a framework will provide consumers with a holistic view of all the lenders, thereby allowing them to make informed decisions and encourage a responsible lending and borrowing ecosystem.”

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