RBI Monetary Policy Reaction Quotes
Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank said, “The MPC’s decision to ease repo rate by 25bp and shift its stance to accommodative is in line with expectations. We note the increasing global turmoil and its spillovers to the Indian growth slowdown will necessitate the MPC for deeper rate cuts. We see scope for additional 75-100bp of rate cuts in the year ahead depending on the scale of global slowdown.”
- Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank
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“The RBI’s decision to reduce the repo rate highlights its commitment to fostering economic growth and stability. This reduction allows existing customers across banks to benefit from lower tenors or EMIs based on their preferences. At Kotak, we continuously monitor the economic environment and adjust our offerings to ensure that our customers receive the maximum benefits from any changes in monetary policy.”
Manu Singh, Business Head – Housing Finance, Kotak Mahindra Bank
