-Mr. Ajay Kumar Srivastava, MD & CEO, Indian Overseas Bank
“We welcome the RBI’s decision to maintain the repo rate at 5.5% with a neutral stance as this reflects a balanced approach in supporting growth and ensuring price stability. With inflation under control, aided by easing of food prices and GST rationalisation, the upward revision of GDP growth to 6.68% for FY26 showcases resilience of the Indian economy despite global volatility. For the banking sector, measures set towards regulatory initiatives such as proposed risk-based deposit insurance premiums, easing of risk weights for MSME and residential real estate lending, and enabling framework for corporate acquisition and capital market financing is expected to further increase credit flow in the market and promote inclusive growth. Furthermore, the focus on expanding bouquet of services for basic bank savings deposit accounts through mobile and internet services will also have positive impact on consumers. At Indian Overseas Bank, we are positive that all these measures will further boost domestic demand while aligning itself to the Viksit Bharat goal.”