Mr. Vinod Francis, General Manager, Chief Financial Officer, South Indian Bank

“The MPC’s decision to maintain status quo on rates and stance does not have any element of surprise since it is the right policy decision to ensure price stability in the wake of external headwinds including the proposed 25% levy on exports by the US.  Also, it is pretty evident that RBI is leaving no stones unturned to ensure price stability though inflation is cooling and projected to be below apex bank’s upper threshold limit. It is also prudent for MPC to wait for the rate transmission to take effect fully before any further cuts.”