Quote of Mr. Govind Sankaranarayanan, Chief Operating Officer – Retail Business & Housing Finance, Tata Capital post today’s monetary policy. Attached is his photograph for your kind perusal.
Request you to please consider this in any of your stories you intend to do around this topic.
“Post the RBI’s previous policy stance to reduce the repo rate by 25 basis points, retail inflation has seen an increase and reached around 3.36% in August, its highest point in the last 3 months. This coupled with recent trends in the global economy – spike in crude oil and the weakening of the rupee has forced the RBI to take a calculated decision to keep the rate unchanged. However, from an NBFC standpoint, the unchanged rate will have a minimal effect on the home loan, auto loan and white goods sector, the demand for which have remained steady and are expected to grow over the next two months as the festive season continues. We are expecting a 25-30% increase in personal loan disbursement for the current quarter compared to last year.”
Your email address will not be published. Required fields are marked *
Notify me of follow-up comments by email.
Notify me of new posts by email.
Sign me up for the newsletter!
Bank of India organizes MSME support and Outreach Program
LinkedIn launches a new way to see and discuss trending news
Daimler India Commercial Vehicles powers ahead on sustainable growth track
Bobby Mukherji and Associates designs Lemon Tree Premier hotel in Pune
Access to affordable medical care and National Health Protection Scheme, priority of Government: D V Sadananda Gowda
2014 The Global Indian New Network (TGINN)