“The RBI’s decision to keep the repo rate unchanged while retaining the neutral stance provides greater certainty for borrowers and lenders at a time when credit growth and funding conditions for the NBFC sector remain healthy. A stable interest rate environment should help sustain credit momentum across the sector.
For NBFCs such as Manappuram Finance, the current policy environment allows us to continue expanding access to credit across retail, MSME, and self-employed customer segments. It also enables customers to make informed borrowing decisions with better visibility on their repayment obligations. The policy also comes at a time when the NBFC sector continues to demonstrate resilience, supported by strong capital buffers, improving asset quality and healthy profitability, which should provide a strong foundation for sustainable credit expansion. It is heartening that the Governor himself flagged the sector’s strong capital position, better asset quality and improved earnings — a validation that reinforces confidence in the NBFC space.
The RBI’s proposal to harmonise and standardise the framework governing interest rates on advances will promote greater transparency and consistency in lending practices, benefiting both borrowers and lenders.
Manappuram Finance remains committed to supporting inclusive growth through responsible lending, prudent underwriting, and a strong customer-centric standard.”
