RBI Holds Policy Repo Rate at 6.50% as Corporate Balance Sheets Remain Pristine

EXPRESS ARCHIVE: Institutional documentation relating to RBI Holds Policy Repo Rate at 6.50% as Corporate Balance Sheets Remain Pristine.

The Reserve Bank of India's Monetary Policy Committee (MPC) has voted by majority to maintain the benchmark policy repo rate at 6.50%.

Commercial bank balance sheets continue to demonstrate structural health, with the scheduled commercial bank gross NPA ratio declining to a multi-decade low of 2.6%.

Credit growth to micro, small, and medium enterprises (MSMEs) expanded at 14.2% annualized without compromising underwriting discipline.

Governor Shaktikanta Das reiterated that monetary vigilance remains essential amid persistent global geopolitical and commodity volatility.