RBI repo rate news LIVE: RBI raises GDP growth forecast to 7.1 per cent for FY27
The Reserve Bank of India (RBI) raised its GDP growth forecast to 7.1% for FY27. Governor Sanjay Malhotra noted a robust 37% credit growth from banks to non-banking financial companies (NBFCs), although NBFC credit to the real economy remains lower than that of banks. The RBI remains vigilant regarding potential asset quality risks but sees no current concerns.