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  India's robust growth numbers for the September quarter are raising questions about the need for lower rates even as record-low inflation gives the central bank ample room to resume reductions later this week, analysts said.India's economy expanded at a sharper-than-expected clip of 8.2 per cent in the July-September quarter, prompting analysts to raise their full-year growth estimates to above 7 per cent.That means the world's fifth-largest economy is expanding at a pace close to its estimated potential growth of 6.5 per cent-7 per cent. Potential growth is the rate an economy can expand without sparking inflation.India's retail inflation, however, which slowed to a record-low 0.25 per cent in October, is expected to remain benign for months."The December RBI policy will be set against a backdrop of resilient growth and ultra-low inflation. The stellar growth numbers reaffirm our view of a pause," said Gaura Sen Gupta, chief economist at IDFC First Bank....

  The Reserve Bank of India (RBI) expects microfinance lenders ’ boards to review their spreads against the cost of funds and operating efficiency, said Swaminathan J , Deputy Governor, RBI. He also urged them to question outliers to ensure pricing remains reasonable and reflects actual costs, risk, and efficiency improvements so that no lender takes undue advantage of a borrower’s circumstances.Speaking at a MFIN event in Mumbai on November 14, Swaminathan said, “The Reserve Bank expects lenders to use the room provided by the 2022 framework in a way that strengthens borrower welfare and long-term portfolio quality.”The 2022 reset of the microfinance framework removed pricing caps and aligned rules across all regulated lenders. Swaminathan noted that lighter regulation is possible only if industry standards remain high. “Flexibility and accountability travel together,” he said.  He stressed that lenders must properly assess borrowers’ incomes, seasonal variations, and exist...