April 10th, 2023 : “The RBI’s decision to pause rate hike for now was a pleasant surprise given the market talks of one more final rate hike. With uncertainty looming large, this decision was perfectly timed. Simultaneously, the bouquet of regulatory initiatives like linking UPI to credit and developing the onshore market will spur innovations in product offerings. The decision to enable tracing unclaimed deposits and strengthening of grievance redressal are customer centric. Overall, RBI’s April policy, guides the market in terms of expectations alignment.”
