365Telugu.com online news,Mumbai, April 12th,2025: CS Setty, Chairman of the State Bank of India (SBI), praised the Reserve Bank of India’s recent rate cut and shift to an accommodative stance as a proactive and well-timed decision. Speaking on April 12, 2025, Setty noted that the move provides clear forward guidance to markets, ensuring support amid global uncertainties. He emphasized that the accommodative stance would help mitigate the secondary effects of tariffs on the domestic economy.
“With inflation under control, the focus will shift to growth priorities in FY26,” Setty stated, highlighting the RBI’s balancing act. He also welcomed regulatory changes, including the market-based securitization framework for stressed assets, revised gold lending policies, and updates to non-fund-based facilities, calling them timely interventions. Additionally, Setty lauded the expansion of the co-lending framework, saying it offers greater flexibility and options for all stakeholders.
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The remarks come as the RBI’s measures aim to bolster economic resilience while fostering sustainable growth in a dynamic global landscape.