RBI Backs Growth with Targeted Policy Reforms
FinTech BizNews Service
Mumbai, 6 February 2026: The Monetary Policy Committee (MPC) held its 59th meeting from February 4 to 6, 2026, under the chairmanship of Shri Sanjay Malhotra, Governor, Reserve Bank of India. The MPC members Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Poonam Gupta and Shri Indranil Bhattacharyya attended the meeting.
The RBI Governor today made a Statement on Developmental and Regulatory Policies. This Statement sets out various developmental and regulatory policy measures relating to (i) Regulations; (ii) Payments System; (iii) Financial Inclusion; (iv) Financial Markets; and (v) Capacity Building.
Mr. Jyoti Prakash Gadia, Managing Director, Resurgent India Limited, says:
"On expected lines the RBI has adopted a Wait and Watch approach without any repo rate cut or change in stance. However significant positive action is indicated as a plethora of measures and proposed reforms have been announced which will have a major welcome impact on the economy. The micro enterprises sector will be benefited at the ground level with doubling of the limit of collateral free loans. Permission for the banks to lend for ReITs indicates a positive change in the outlook of RBI for the real estate sector which will be conducive to development of housing and commercial real estate. Big reforms and relaxation have been proposed for the NBFC sector which create a wider and deeper availability of resources in the unbanked areas.
The proactive action of RBI by way of fresh guidelines on customer service, mis -selling, protection in case of frauds and limited liability in electronic transactions augur well for the customer centric approach including for the senior citizens.
The announcement about availability of adequate durable liquidity support for the banks for a productive economy is also a welcome step on expected lines. Overall, the RBI has chosen to maintain a status quo on the rate cut but a pragmatic and proactive approach is visible for acting as a big enabler of growth through policy support and reforms in right earnest for the long-term sustainable development of the economy.
