Status quo stance reflects prudent, calibrated approach: Setty
The Hindu·2h ago·Positivity
What Happened
The Reserve Bank of India maintained its status quo stance amid global uncertainties, according to Challa Sreenivasulu Setty, chairman of State Bank of India and Indian Banks' Association. With growth projected at 6.9% for FY27 and inflation expected within target bands, the policy emphasizes stability using communication and regulatory refinement as key tools.
Key Entities
Reserve Bank of IndiaChalla Sreenivasulu SettyState Bank of IndiaIndian Banks' AssociationFY276.9% growth projection