New Delhi :- BJP MP & Secretary General o the Confederation of All India Traders ( CAIT) Praveen Khandelwal said that the recent remarks by RBI Deputy Governor Swaminathan on digital fraud reflect a much-needed and timely recognition of a growing threat in our increasingly digital financial ecosystem. As digital transactions surge across sectors, the need for robust security frameworks and real-time grievance redressal becomes even more critical. We welcome the RBI’s proactive approach and strongly advocate for deeper collaboration between regulators, financial institutions, and fintech platforms to ensure a safer and more resilient digital economy.
CAIT National President B C Bhartia said that equally noteworthy is RBI Governor Sanjay Malhotra’s emphasis on co-lending. This innovative mechanism has successfully enhanced credit flow to the priority sector, and its expansion to other segments is a welcome move. It holds great potential to democratize credit access—particularly for small businesses and traders who have long struggled with limited access to formal finance.
Both trade leaders said that furthermore, the RBI’s decision to reduce the repo rate in its latest monetary policy is a highly progressive move. The cut will not only ease the EMI burden on borrowers but will also result in increased disposable income in the hands of the common man. This additional liquidity is likely to be directed towards consumption, thereby giving a fresh boost to various sectors of the economy. The real estate sector, in particular, will benefit from improved affordability and renewed demand.
These comprehensive steps by the RBI are commendable and will contribute significantly to economic revival, financial stability, and the empowerment of India’s business community- said both leaders
