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Informist, Wednesday, Aug. 5, 2026

 

MUMBAI - Ajay Kumar Srivastava, managing director and chief executive officer, Indian Overseas Bank, said the following on the Reserve Bank of India's third bi-monthly monetary policy statement for the financial year 2026-27 (Apr-Mar) detailed Wednesday:

 

The Reserve Bank's own assessment shows the banking sector continues to hold strong capital buffers, healthy liquidity and improving asset quality, which reinforces confidence in the stability of the financial system.

 

For our customers and businesses, this stability translates into predictable borrowing costs and continued credit flow, particularly to MSMEs (micro, small, and medium enterprises) and other productive sectors. The proposed harmonisation of interest rates on advances across all regulated entities, along with the draft guidelines for resuming licensing of urban co-operative banks, will further strengthen transparency and customer protection.  End

 

Compiled by Ruchira Kagita

Filed by Himanshi Gupta

 

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