Governor Sanjay Malhotra assured that new RBI norms on liquidity coverage ratio, project finance provisioning, and expected credit loss will be implemented in phases by March 2026. He emphasized the importance of a smooth transition to avoid disruptions and balance public interests with banking sector concerns.

Governor, Sanjay Malhotra, on Friday said that India can definitely clock a growth rate of more than 7 per cent. Speaking at the post-MPC press conference, the governor said that India should aspire to achieve the 7-plus growth rate.

Monetary Policy Committee (MPC) unanimously decided to cut the repo rate by 25 basis points, bringing it down from 6.50% to 6.25%. The decision is aimed at balancing growth with inflation control. While the rate cut signals a push to stimulate economic activity amid global uncertainties,