RBI Governor Shaktikanta Das states elevated rates aren't hindering growth, citing strong economic activity and robust investment intentions.

Banking Financial Companies (NBFCs) are aggressively pursuing growth without proper administration, said Reserve Bank of India (RBI) Governor Shaktikanta Das while announcing the decisions during the bi-monthly Monetary Policy Committee (MPC) on Wednesday.

Reserve Bank of India Governor Shaktikanta Das estimated real GDP for 2024-25 to be 7.2 per cent. He projected real GDP for 2024-25 Q2 at 7 per cent, Q3 at 7.4 per cent, and Q4 at 7.4 per cent in the 51st meeting of the MPC.

Some non-banking finance companies (NBFCs) are aggressively pursuing growth and chasing excessive returns on equity, which could pose financial stability risks, the Reserve Bank of India ( RBI ) Governor said on Wednesday.

While making the Monetary Policy Committee (MPC) announcements, RBI Governor Shaktikanta Das pointed out that while the overall NBFC sector remains healthy, there are a few outliers adopting a “growth-at-any-cost” approach.

In his post-Monetary Policy Committee (MPC) meeting address, Governor of Reserve Bank of India Shaktikanta Das shared that the committee expects the inflation to reach the mark of 4.8 per cent in the third quarter of the current financial year (Q3FY25) with the hopes of annual inflation taming down to 4.