The actions in the middle east may also create imbalances that will drive rate changes by the RBI. However, growth projections remain strong at over 7% for FY 2025, and with surplus liquidity, there seems to be very few areas of stress. The policy has also improved RTGS/NEFT transfers by allowing banks to show the name of an account holder before a transfer is done, just like in UPI. This will reduce the stress in larger volume transfers.