WHAT THEY SAY

The upward revision to inflation forecast for Q4 shows the concern by MPC on the inflation outlook. However, this was on expected lines in the wake of rising crude prices and impending MSP hikes. The forbearance given to MSMEs is a welcome development. -- Dinabandhu Mohapatra, MD & CEO, Bank of India

While the RBI’s policy stance could remain unchanged in the near future, fiscal policy has taken the onus on curbing inflationary pressures via proactive management of the food economy and some rationalisation in fuel taxes, if need be. Going forward, the rollout of the FY19 Budget will help consolidate benefits of past economic reforms.

-- Rana Kapoor, MD & CEO at YES Bank

The relief for Micro, MSMEs that have registered under GST is a welcome step. While MSMEs with an exposure up to Rs 25 crore will have extra time to repay bank loans, banks have also been allowed to treat all MSME loans as priority sector loans without any limit on their exposure.

— Chandra Shekhar Ghosh, MD, Bandhan Bank

Both the government and RBI are optimistic about a higher growth trajector y in the next financial year. Policy relaxation given to MSME sector for the overdue payment and the removal of credit caps on MSME (services) under priority sector augur well for both MSMEs and banks and will help in increasing the credit flow to the MSME sector. — Usha Ananthasubramanian, Chairman, IBA, and MD & CEO, Allahabad Bank