Ashwani Kumar, MD-CEO, UCO Bank, shared insights on the recent RBI Monetary Policy.
Feb 15th, 2025 5:32 pm | By ThenewsmanofIndia.com | Category: LATEST NEWS
Ashwini Kumar
MD & CEO – UCO Bank
(THE NEWSMAN OF INDIA.COM) Ashwani Kumar, MD & CEO of UCO Bank, shared insights on the recently announced RBI Monetary Policy, emphasizing its impact on the economy and banking sector.
The RBI’s 25bps repo rate cut and neutral stance are poised to benefit the Indian banking sector, striking a balance between economic expansion and price stability. With inflation projected at 4.8% for FY 2025 and 4.2% for FY 2026, this move aligns with the Union Budget’s growth-oriented measures and could push India’s GDP beyond 7%, advancing the Government’s Viksit Bharat vision.
Sectoral Impact:
– Retail Banking: Lower EMIs to drive higher credit demand in auto, housing, and consumer finance.
– Corporate & SME Lending: Reduced borrowing costs to boost business expansion and infrastructure.
– Rural & Agricultural Banking: Increased farm loans to enhance financial inclusion.
Beyond monetary measures, the RBI Governor’s emphasis on cyber threats and digital risks highlights the need for financial sector resilience. Additionally, the “Financial Literacy: Women’s Prosperity” campaign marks a significant step toward women’s empowerment through financial education.
Overall, this policy move is set to stimulate credit growth, improve liquidity, and support economic expansion, with distinct benefits across financial segments.
