Reaction on RBI's bi-monthly monitoring policy by N D Venkatesh, Executive Director, Lakshmi Vilas Bank

“The first policy of the MPC committee under the new governor Dr. Urijit Patel has continued with the accommodative stance to foster growth in the economy. The inflation expectations have been well anchored. The smoothening of S4A guidelines will help the easier resolution of stressed assets and will be a relief to the banking system. Overall it is a pragmatic policy with focus on growth."