Pranay Jhaveri, MD, India and South Asia, Euronet Worldwide
Built on UPI rails, e – Rupi removes friction, works in an offline mode, and enables the large population of people receiving DBT to grow their digital payments footprint. This step of raising the e- Rupi limits to 1 lakh would accelerate DBT dissemination by the Government and allow accrual, ultimately resulting in improved welfare of the underprivileged section of the economy.We have built this capability on our UPI platform and the same can be leveraged by our banking partners.
Pramod Kathuria, Founder & CEO, Easiloans
“The Feb-22 monetary policy announcement from RBI was much awaited especially post the financial budget. Coming directly to the part which impacts home loans and real estate i.e. the rates. The RBI decision of keeping the repo and reverse repo rates unchanged is a hugely positive signal for the home loan sector and consequently for the real estate segment. Unchanged rates at a time when home loan interest rates are at a 10-year low is an impetus for homebuyers to go out there and purchase a home in the next few quarters. This will add to the growth outlook for real estate developers for the coming months while as banks or fintech enable digital loans, this is an opportunity to build further on the momentum generated over the last year. Overall, a positive move by the RBI and I could already see an upward trend in key realty and banking stocks following the announcement.”
Anshuman Narain, Vice-President, Cashbean (P.C.Financial Services Pvt. Ltd.)
“Great move by the respected regulator to keep the interest rates unchanged. This will surely help further stimulate the post-COVID Indian economy by keeping the flow of cash going steady for both individual and institutional borrowers. The financial services sector should definitely see this as a vehicle for further growth and investments.”
Neha Khanna, Director, ValPro
“The accommodative stance from policy makers with no big changes are key for the markets. With the budget behind us and the resilience of the economy albeit a third wave, the economic growth will continue to be reflected in the performance of companies. The bounce back from the third wave will be accelerated by the support from the government. We’re bullish on the listed markets and anticipate a growth spree through the remaining part of FY22 and continuing through FY23.”
Jyoti Roy – DVP- Equity Strategist, Angel One Ltd.
“The RBI in its MPC kept the repo rate and the reverse repo rates unchanged at 4.0% and 3.35% respectively. While the decision to keep repo rates unchanged was in line with expectations markets were expecting a 25bps hike in the reverse repo rates to 3.5%. The RBI expects GDP growth for FY23 to be at 7.8% while they expect inflation to peak out in Q4FY2022 at 5.7% before moderating to 4.5% in FY2023, though hardening crude prices could pose upside risks to inflation. The RBI also maintained that they will continue to use variable rate reverse repo (VRRR) as the main instrument for draining out excess liquidity from the markets. Limits under the Voluntary Retention Route (VRR) have also been hiked from ₹1.5 lakh crore to ₹2.5 lakh crore with effect from April 1, 2022. This will provide access to additional sources of capital for the domestic debt market including g-secs. The RBIs decision not to hike reverse repo rates and keep an accommodative stance surprised the markets as the RBI was largely expected to change its stance to neutral. While the RBIs decisions came as a pleasant surprise for the markets, concerns remain over-aggressive Fed tightening, large Government borrowings along with upside risks to inflation due to high commodity and crude prices.”