Mumbai: The Reserve Bank of India's decision to leave the benchmark repo rate unchanged at 5.25 per cent on Wednesday, while raising its growth forecast and lowering the inflation projection, provides policy stability and supports credit growth amid an uncertain global environment, bankers said.
Bankers also welcomed the central bank's proposed regulatory measures, including a review of the interest rate framework for loans to improve transparency and monetary transmission, and the proposed resumption of on-tap licensing for urban cooperative banks.
