By :- Mr. V P Nandakumar, Chariman and Managing Director, Manappuram Finance Ltd.
“The RBI’s decision to maintain the repo rate unchanged at 5.25% while keeping a neutral stance reflects a balanced, prudent approach — supporting growth while maintaining price stability amid elevated global volatility. With GDP growth projected at 6.6% and CPI inflation at 5.1%, the policy provides continuity at a time when global conditions remain uncertain. A stable interest rate environment should support credit demand across retail and business segments.
For NBFCs and their customers, rate stability sustains credit demand by providing certainty around borrowing costs — particularly relevant for retail borrowers, small businesses and self-employed customers for whom repayment predictability is crucial for financial planning. The RBI’s continued focus on adequate liquidity and financial sector stability enables lenders to efficiently meet the credit needs of underserved and emerging segments.
Going forward, the RBI is expected to remain data-dependent, carefully assessing inflation and growth indicators before further action. Evolving geopolitical developments, supply disruptions, and their impact on global energy prices and inflation will remain critical factors influencing the policy outlook.”
Leave a Reply