ICICI Securities: RBI Maintains Status Quo On Rate, No Dividend Payout;  Review NBFC Regulatory Framework
Pedestrians wearing protective masks walk near the Reserve Bank of India (RBI) headquarter building in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

ICICI Securities: RBI Maintains Status Quo On Rate, No Dividend Payout;  Review NBFC Regulatory Framework

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ICICI Securities Report

The Reserve Bank of India’s Monetary Policy Committee has once again voted unanimously for status quo.

Also, it has indicated continuance of its accommodative stance as long as necessary (at least in FY20 as well as into FY21) to revive growth and contain inflation in the targeted range (though increased for H2 FY21).

MPC remains committed to ensure ample liquidity and credit flow into the system and support sectors identified as ‘stressed’.

In its regulatory policies, it has made clear its intent to review the regulatory framework for non-banking financial companies taking cognisance of their changing risk profile, increasing size and interconnectedness to the sector.

Click on the attachment to read the full report:

ICICI Securities BFSI RBI Policy Action_Dec20.pdf

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