By Mr. George Alexander Muthoot, Executive Vice Chairman, Muthoot Finance.
“The RBI’s policy action reflects an important shift in the macro environment: inflation risks have become less benign, but India’s underlying growth momentum remains strong. The 7.1% growth outlook, resilient consumption and continued strength in credit demand suggest that the economy has the capacity to navigate tighter financial conditions. For NBFCs, the implication is less about a slowdown in credit and more about becoming sharper on funding, liquidity and the quality of growth. As global uncertainties, energy prices and weather-related risks play out, disciplined balance-sheet management will be critical to sustaining this momentum while ensuring that credit continues to reach households, entrepreneurs and businesses productively.”
