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Budget Quotes

quote from Mr. Prithviraj Kothari, MD CEO of RiddiSiddhi Bullions Limited (RSBL)

RBI has issued a Sovereign Gold Bond tranche after six months this time now and is definitely a good investment option, as it offers an additional 2.5% interest per annum, other than gold price appreciation. Gold is an excellent portfolio diversifier and a hedge against uncertain times. In India, Gold has given around 12% CAGR […]

Budget Quotes

Quote from Mr. Anil Pinapala, Founder & CEO, Flexpay by Vivifi.

The recent announcement by RBI to establish a framework and regulations for facilitating Foreign Lending and Debt Guarantees (FLDG) is a commendable step that will significantly contribute to the expansion of the Digital Lending industry. Many Digital Lending companies encounter difficulties in securing local debt capital and managing liability issues. The introduction of FLDG not […]

Budget Quotes

RBI MPC announcement reaction by industry leaders.

Mr. Y. Viswanatha Gowd, MD & CEO of LIC Housing Finance. “Keeping the interest rates steady at 6.5% is in line with the expectations. We expect the same state to continue for a few more quarters. Looking to the lead indicators, it gives optimism and shows demand revival. Monsoon prediction is yet another favorable point. […]

Budget Quotes

Quote by Ms. Shanti Ekambaram, Whole-time Director, Kotak Mahindra Bank and Manish Kothari, President and Head – Commercial Banking, Kotak Mahindra Bank on RBI Monetary Policy.

“The “Pause” on the repo rate has surprised the market players and it is much welcome given the intense volatility in the global financial markets and the positive real interest rates in India. The Governor has clearly emphasized that the pause is to assess the impact of the cumulative 250 bps rate hikes so far […]

Budget Quotes

Quote by Akash Sinha, Co-Founder & CEO, Cashfree Payments 0n RBI Monetary policy.

“The regulator’s announcement to allow Indian banks to issue RuPay Prepaid Forex cards for overseas usage is a significant advancement in facilitating smooth cross-border transactions. This development enhances convenience, cost efficiency, and security, empowering individuals and businesses to engage in cross-border payments with ease. The widespread adoption of RuPay cards abroad supports the Government of […]

Budget Quotes

View on RBI’s Monetary Policy dated 08.06.2023 By MD & CEO, PNB

RBI has kept the rates and stance unchanged in line with the market expectations in view of easing retail inflation and anticipation of a further decline. Maintaining the growth projection of GDP for FY’24 at 6.5% reflects that RBI remains sanguine about the economic growth projections. Reduction of the Inflation projection for FY’24 also indicates […]

Budget Quotes

Quote by Mr. Ram Raheja, Managing Director at S Raheja Realty on the “RBI MPC Announcement.

“The fact that the RBI announced a pause in interest rates today after adopting a similar posture in its previous policy and maintaining the repo rate at 6.5% shows that the RBI continues to accelerate the transition towards growth. The Indian economy is exhibiting signs of improvement as a result of the easing of inflation […]

Budget Quotes

Quote by Mr. Murali Ramakrishnan MD & CEO of South Indian Bank on RBI’s Monetary Policy Announcement.

“The RBI deserves praise for its efforts in controlling inflation by prudently calibrating the policy repo rate through successive quarters. MPC’s well-timed rate hikes earlier have allowed it the leeway to keep the repo rate unchanged at 6.5% for the current cycle. Inflation, however, still remains a concern and is expected to remain above […]

Budget Quotes

RBI Monetary Policy quote by Mr. Ajit Banerjee CIO, Shriram Life Insurance Company

“RBI on expected lines continued with the rate pause decision which it had announced in April’23 and maintained the status quo on stance on withdrawal of accommodation as the fight for taming the inflation continues. It has emphasised on the continued global fluidic situation prevailing. The policy tone was balanced, but it remained non-committal on […]

Budget Quotes

Quote from Mr. Surendra Hiranandani, Chairman and Managing Director, House of Hiranandani on RBI’s Monetary Policy Announcement.

“The committee’s decision to maintain the present repo rate is a positive and promising step for the real estate market. By recognizing the controlled inflation, the MPC’s stance offers a ray of hope for potential homebuyers. This move is also expected to further fuel the remarkable growth witnessed in the Indian real estate market since […]