Status quo stance reflects prudent, calibrated approach: Setty

Reserve Bank of India’s (RBI) decision to maintain a status quo stance, amid ongoing global uncertainties, reflects a prudent and well-calibrated approach aligned with market expectations said Challa Sreenivasulu Setty, chairman, State Bank of India (SBI) and Indian Banks’ Association (IBA).

“With growth projected at 6.9% for FY27 and inflation expected to remain within the target band, the policy underscores stability while leveraging communication and regulatory refinement as key levers,” he said.