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Below the Reaction on today's RBI Monetary Policy by Mr. Aalesh Avlani, Director & Co-Founder, Credit Wise Capital

"The RBI's policy projects strong investment activity. As a tech driven NBFC, we welcome the central bank's emphasis on simplifying regulations and reducing the compliance burden for entities dealing with public money. The move to facilitate cash deposits at CDMs using UPI and allow third-party UPI apps for PPI wallets will further enhance customer convenience and drive digital adoption. With conducive financial conditions, the RBI's nimble approach, and a bright outlook for agriculture, rural demand, employment and moderating inflation boosting private consumption, we anticipate improved credit flows supporting growth across sectors, including the automotive industry."

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