RBI Monetary Policy a bounced today views from Mr. Anshuman Panwar, Co-Founder, Creditas Solutions Pvt. Ltd.

Mumbai, 7th April 2021 (GNI): RBI Monetary Policy announced today, below views by Mr. Anshuman Panwar, Co-Founder, Creditas Solutions.

“The first bi monthly policy for FY22 has been on expected lines with RBI keeping repo rate unchanged but re affirming its commitment to maintain an accommodative stance. The central bank has also clearly stated that financial stability remains it’s top agenda so that nascent economic recovery becomes more durable in nature. It has backed this with a sizeable gilt acquisition programme in order to keep yields under check. This will also keep interest rates benign and ensure there is no additional pressure on retail borrowers. Further RBI will now set up a committee for a comprehensive review of Asset Reconstruction Companies ARCs. I think this is a much needed step to harness the full potential of ARCs so that the key issue of sizeable bad loans is addressed in a sustained and holistic manner. This is also crucial as economic growth revives and banks need the confidence to lend aggressively,” stated in the press release.

Also, please let us know if you have any further queries and/or would like to speak to him to elaborate on his views from the debt collections/ recoveries perspective.

Anshuman Panwar is the Co-Founder of Creditas Solutions. Following his decade-long association and involvement with the BFSI sector spanning India, UK, and the UAE, Anshuman has come to be a doyen in the evaluation of market strategy and investments for new business models. His other key strengths include P&L management, resource management, business process improvement, feasibility analysis and restructuring. The go-to guy for building and managing client acquisition and relationships.

About Creditas Solutions is a fintech company revolutionizing the debt recovery process for financial institutions in India. Creditas Solutions develops delinquency management solutions using cutting-edge Artificial Intelligence – enabling lenders to significantly reduce loan defaults and radically improve collections performance. The company pioneered the digital frictionless collection concept globally and is driving the vision to radically transform the financial sector in the country with the deployment of new-age technology.  https://www.creditas.in/  

Founded by Anshuman Panwar and Madan Srinivasan, Creditas Solutions is a market leader in the $100bn delinquency management industry and a the technology partner to top-notch Banks, FIs, and NBFCs in India, including HDFC, ICICI, Axis, Citibank, Kotak, etc. In addition to offering a seamless debt recovery platform, Creditas Solutions offers solutions for digital engagement with customers, raising credit awareness and imparting financial literacy.ends