“Despite the change in the macroeconomic scenario, there has been no change in the growth and inflation projections of RBI for the current fiscal. This is indeed a positive sign,” he said.
Through its initiatives on digital payments, the RBI is giving a signal to encourage people to use digital modes, he said, and also welcomed the central bank’s approval of the IBA’s representation on the LIBOR transition.
Dinesh Khara, chairman of largest lender SBI, said the announcement of infusion of capital in overseas branches without prior approval of the RBI would bring operational flexibility, and further improve the UPI transfers for small value transactions to review the payment landscape. decision may work. A promoter of large scale digitization.
National Payments Corporation of India (NPCI) Chief Executive Dilip Asbe tweeted that the target of one billion transactions a day is not too far.
On raising the UPI limit for IPOs, he said that NPCI’s platform has expanded the IPO market and with today’s measure, the IPO investment in the country can become a hotbed.
Abhik Barua, chief economist at largest private sector lender HDFC Bank, said the policy was “more lenient than expected” and the central bank has provided little to provide any further guidance on the path to future policy rate hikes. .
“The policy decision today leans on the side of caution, continuing its support for growth and Omicron cautions on risk,” he said.
Zareen Daruwala, cluster chief executive officer of Standard Chartered Bank, a foreign lender for markets in India and South Asia, said the pro-growth stance of the MPC was very clear and bodes well for the economy, which is recovering from the impact of the pandemic. Is.
Among non-bank lenders, Rajiv Sabharwal of Tata Capital, reacting to the policy, said that the economy has gained a growth spurt in the last six months, but the RBI wants to pursue a broad-based recovery and the stability of the same. Will aim for. ,
Rashmi Saluja, Executive Chairman, Religare Enterprises said, repo rate This augurs well for home buyers and small businesses as they can benefit from lower rates.