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EquityWireFederal Bank Group President Lakshmanan V on RBI Policy
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Federal Bank Group President Lakshmanan V on RBI Policy

This story was originally published at 12:53 IST on 5 August 2026
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Informist, Wednesday, Aug. 5, 2026

 

MUMBAI - Lakshmanan V., group president and head of treasury at Federal Bank Ltd., said the following on the Reserve Bank of India's third bi-monthly monetary policy statement for the financial year 2026-27 (Apr-Mar) detailed Wednesday:

 

RBI monetary policy committee unanimously decided to keep the rates unchanged at 5.25% and stance neutral.

 

Consumer Price Index for FY27 is revised lower to 5% from 5.1%, primarily owing to a much softer inflation recorded in Q1FY27. Likewise the growth performance in Q1FY27 has led to an upward revision in annual growth projections by 10 bps from 6.6% to 6.7%. The policy with a neutral stance is clearly guiding a wait-and-watch mode on future rate direction, based on how the growth-inflation dynamics play out in the coming period. The risks to watch out among others will clearly be south-west monsoons, El Nino, geopolitical risks and global trade policy.  End

 

Compiled by Meera Nair

Filed by Shubhayan Bhattacharya

 

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