“RBI expectedly kept the policy rates unchanged and maintained accommodative stance. The Governor’s emphasis on opening TLTROs to NBFCs had been mentioned for the first time, to support stressed sectors. This reiterates the systematically important role of NBFCs in India's financial system in driving sustainable economic recovery and growth. MPC projected that Inflation is expected to remain in comfortable level. The Governor assured that the policy will remain pro-growth to support and drive economic recovery. The special support that is being given to MSMEs in credit extension reflects this assurance.”
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