Page 40 - Banking Finance September 2024

ARTICLE

aligning our efforts with our values
and aspirations.

5. Influence and Impact:
Elevation enhances our ability to
positively influence and impact
others. By setting a higher
standard for ourselves, we inspire
and uplift those around us,
contributing to collective progress
and well-being.

6. Resilience and Adaptability:
Through elevation, we build
resilience and adaptability. A
heightened attitude, along with
refined skills and knowledge,
equips us to navigate and thrive
amidst life's uncertainties and
and more comprehensive understanding of our challenges.
surroundings, challenges, and opportunities.
7. Holistic Development:
3. Empowerment: Elevation encompasses holistic development,
Elevating oneself is empowering. It gives us the addressing not just professional or academic growth
confidence and capability to tackle challenges, make but also personal, emotional, and social dimensions
of our lives.
informed decisions, and pursue our goals with
determination.
In essence, elevation is about aspiring to reach higher
levels of understanding, capability, and character. It's a
4. Fulfillment and Purpose:
commitment to ongoing self-improvement, aiming for
Elevation leads to a deeper sense of fulfillment and
excellence and fulfillment in every facet of life.
purpose. As we improve and grow, we often find
greater meaning in our actions and contributions, "It's all about your discovery "

RBI holds repo rate for 9th time in a row at 6.5%

RBI decided to keep policy rates on hold for the ninth consecutive time, citing strong demand and the need to main-
tain inflation's declining trajectory. The central bank said that there is a need to remain vigilant amid the backdrop
of "large and persistent" supply side shocks in food items. The six-member monetary policy committee voted 4:2 to
keep the repo rate - the rate at which the central banks lends to banks - at 6.5% and to continue focusing on with-
drawing accommodation to align inflation with the target while supporting growth.
"Growth remains resilient, inflation has been trending downward and we have made progress in achieving price
stability; but we have more distance to cover. The progress towards our goal of price stability has been uneven due
to large and persistent supply side shocks, especially in food items. We need to remain vigilant to ensure that infla-
tion moves sustainably towards the target, while supporting growth. This approach would be net positive for sus-
tained high growth," Das said in a statement after the meeting of the monetary policy committee.

36 | 2024 | SEPTEMBER | BANKING FINANCE