RBI Monetary Policy quote from Mr. V P Nandakumar, Chairman and Managing Director, Manappuram Finance Ltd

“The RBI’s decision to raise the repo rate by 25 bps and change its policy stance to calibrated tightening comes at a time when the Indian economy continues to demonstrate strong resilience. The upward revision in the FY27 growth outlook is encouraging and reinforces confidence in the strength of domestic economic activity. The shift in stance also signals the RBI’s focus on managing evolving inflationary pressures while remaining mindful of growth.

For the NBFC sector, we continue to see strong demand for accessible and secured credit. Gold loans, in particular, are an important avenue for households and small businesses to meet short-term liquidity, working capital and business expansion needs. As gold loans become an increasingly established source of formal credit, we remain confident of the segment’s growth potential and its role in supporting financial inclusion and broader economic activity.”

—-