APN News

  • Sunday, September, 2021| Today's Market | Current Time: 04:19:33
  • “The RBI has adopted a wait and watch strategy by adopting status quo on policy rates and this is on expected lines. At the same time, it has reiterated that growth remains a priority while the need for policy action from all sides to support business sentiment revival, including fiscal measures is warranted . It is now clear that RBI may be waiting for the second wave to abate (which it currently is showing the definite signs) and it is then expected to take action by further reducing policy rates to revive growth on a sustainable basis. At the same time, the central bank continues to assuage the markets by launching a host of measures to support growth and ensure adequate liquidity in the banking system. Further, RBI’s move to enhance the overall exposure from INR 25 crores to INR 50 crores under Resolution Framework 2.0 is expected to help more MSMEs, non-MSMEs and individuals who have taken loans but have been impacted by the pandemic. This will help bring down systemic risks in the banking system.”

     – Mr. Pankaj Sharma, Chief Executive Officer (CEO), Religare Finvest Ltd.