New Delhi, April 11, 2025 — Senior leaders from the Confederation of All India Traders (CAIT) have expressed strong support for the Reserve Bank of India's (RBI) recent policy decisions regarding digital fraud prevention, co-lending, and the reduction in the repo rate, calling them timely and confidence-boosting for the nation’s financial system. According to them, these initiatives will improve credit access, enhance consumer spending, and invigorate overall economic activity.
BJP MP and CAIT’s National General Secretary Praveen Khandelwal acknowledged the significance of Deputy Governor Swaminathan’s recent remarks concerning rising incidents of digital fraud. He stressed that in an increasingly digitized economy, cyber threats pose a major risk and underlined the need for robust cybersecurity frameworks and grievance redressal mechanisms. He added that a secure digital ecosystem could be achieved through effective collaboration among fintech firms, banks, and regulatory bodies.
CAIT National President B.C. Bhartia and Gujarat Chapter Head Pramod Bhagat lauded RBI Governor Sanjay Malhotra’s emphasis on strengthening co-lending models. They noted that co-lending not only supports priority sectors but also enables broader credit inclusion for underserved segments, especially small traders and entrepreneurs. Promoting co-lending partnerships between traditional banks and non-banking financial companies (NBFCs), they said, will expand access to formal credit in various sectors.
Commenting on the recent repo rate cut, the leaders described it as a forward-looking and progressive move. They stated that lower borrowing costs would provide relief to consumers by reducing monthly EMI burdens, thereby increasing disposable income and encouraging higher spending. This boost in consumption, they believe, will uplift market demand and contribute positively to economic growth.
The CAIT leaders further highlighted that cheaper loans would particularly benefit the housing and real estate sectors, as interest rate reductions enhance purchasing power and affordability. Overall, they emphasized that the RBI's initiatives reflect a pragmatic approach to addressing emerging financial challenges while supporting inclusive growth across the economy.
