Left Menu
Development News Edition

“RBI Monetary Policy Review: RBI Governor has kept the policy repo rate unchanged at 5.15%”

PTI | New Delhi | Updated: 07-02-2020 17:24 IST | Created: 07-02-2020 17:24 IST
“RBI Monetary Policy Review: RBI Governor has kept the policy repo rate unchanged at 5.15%”

New Delhi, February 7th, 2020: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) kept the repo rate unchanged at 5.15 per cent — a 10-year low in its last policy review of the financial year 2019-20 (FY20).

Commenting on the announcement Mr. Mohit Ralhan, Managing Partner & CIO, TIW Private Equity said, “RBI has continued to keep the accommodative policy stance. It has already cut the policy repo rate by 135 bps since Feb last year. However, banks have not passed the rates cut fully to customers. The decrease in requirement of cash reserve ratio for housing, auto and MSME loans for 6 months is a positive move which is likely to result in a better lending environment.”

Further sharing views on real estate Mr. Siddhartha Mohanty, MD & CEO of LIC Housing Finance said, “We believe RBI Policy announced today will ease the norms to give relief to commercial real estate developers. RBI’s decision about the extension of Date of Commencement of Commercial Operations (DCCO) of project loans for commercial real estate, will provide comfort to companies developing such projects and also their lenders. It will benefit the banks as they will not need to downgrade the asset classification, in line with treatment accorded to other project loans for non-infrastructure sector”.

The wealth expert Mr. Raghvendra Nath, MD of Ladderup Wealth Management said, “The RBI left the repo rates unchanged on the expected lines. There was wide spread expectation that the RBI may keep the repo rate unchanged because of spike in inflation in the last 2 months. Also the accommodative stance of the RBI and the decision to support growth going forward were as per market expectations. The CRR exemptions against the loans given to stressed sectors and one time restructuring for MSME should boost investor confidence and drive growth going forward. Also with the introduction of linking loans given to medium enterprises to an external benchmark should ensure better and faster transmission of rate cuts going forward."

PWR PWR


TRENDING

OPINION / BLOG / INTERVIEW

South Africa's COVID-19 response: Surprising outcomes or just poor data management?

South Africa has been committed to improving its health information system and shows that a robust digital has considerable scope to improve healthcare for the entire population. But the COVID-19 pandemic has highlighted that significant ga...

Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...

Videos

Latest News

Hope floats for Viraat as firm awaits nod for changing title

Decommissioned aircraft carrier Viraat has been beached at Alang in Gujarat for scrapping, but a company is making last-ditch efforts to salvage the symbol of Indias rich maritime heritage. An official of the company said it has reached an ...

Pandemic shows international cooperation ‘delivers results’, says German Foreign Minister

Heiko Maas highlighted examples of recent peace efforts, such as the ceasefire in Ukraine, the possibility of renewed talks between the warring sides in Libya, and developments in relations between Israel and Arab countries in the Gulf re...

Disney plans 'Lion King' follow-up film with 'Moonlight' director

Walt Disney Co is developing a follow-up to its 2019 retelling of The Lion King under the direction of Oscar-winning Moonlight director Barry Jenkins. The original 1994 animated Disney classic tells the coming of age story of a young lion c...

WIDER IMAGE-Oregon inmates find redemption in fighting wildfires

In the flames, they are finding redemption.The 10 Oregon prisoners carry chainsaws, axes, shovels and hoes into the biggest wildfires the state has seen in a century. Banding together, they form lines in the forest and trudge up the steep a...

Give Feedback