Mr. Murali Ramakrishnan, MD & CEO of South Indian Bank commented on latest RBI’s monetary policy by mentioning, “RBI’s MPC’s measures over the last few quarters have been effective in maintaining a tight leash on headline inflation while facilitating economic growth. The Indian economy has responded by staying resilient in the face of heightened geo-political uncertainties and a volatile international demand-supply equation. To sustain the momentum, the MPC has, for the third successive quarter, rightly maintained status quo in the policy rates. We concur with it and the retention of the ‘Withdrawal of Accommodation’ stance. Similarly, repo rate unchanged will further ensure that inflation progressively aligns with the target, while supporting growth.”
