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.”
