Reserve Bank of India, RBI Governor Shaktikanta Das emphasized the importance of prioritizing regulatory guidelines for banks, non-banking finance companies (NBFCs), and other financial institutions during the outcome announcement of the monetary policy committee (MPC) on April 5.
Das highlighted that scheduled commercial banks and NBFCs maintain robust capital and asset quality, as observed during the first policy review of FY25.
According to Das, key indicators of capital and asset quality for scheduled commercial banks remain strong, with NBFCs showing financial indicators in line with the banking system based on the latest available data.
The MPC, maintaining its stance as the withdrawal of accommodation, kept the key repo rate unchanged at 6.5 percent for the seventh consecutive time, aligning with market expectations. The decision, with a 5:1 majority, reflects the committee’s commitment to addressing inflationary concerns.
