Shravan Shetty, MD, Primus Partners, said, MPC committee has continued its dovish stand and moved from a time based to a state based accommodative stance by stating that it will look for sustained growth on durable basis to change stance. This is primarily driven by the uncertainty generated by the second covid wave. Extension of initiatives like TLTRO, allowing banks on-lending facility in priority sector through non-MFI NBFCs, additional funding to All India Financial Institutions (AIFIs) like NABARD, SIDBI etc. also points to RBIs focus which is on growth even with inflation in the higher end of the set inflation range.