Quotes about RBI

1. The most serious criticism comes from the RBI, which recently found that the MFIs — though great to start with — were currently not doing much better than oppressive moneylenders. The RBI is most unhappy with the focus of microfinance companies on growth and sees no great difference between MFI and DSA (direct sales agent) loans. The apex bank would be happy if the interest rates were lower and the service quality and transparency higher. There is, moreover, very little by way of creating awareness

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2. The crisis is still bad despite the RBI regulations.

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3. We do not plan to change the rate. My personal view is that the Reserve Bank of India (RBI) will go for a pause in interest rate hikes. If RBI itself is expected to pause the rate hike cycle, then where is the question of hiking savings deposit rates?

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