Comments on Credit Policy - Mr.U.G.Revankar, Managing Director, Shriram Transport Finance Co. Ltd

Commenting on the credit policy Mr.U.G.Revankar, Managing Director, Shriram Transport Finance Co. Ltd said, "CRR cut of 25 basis periods is welcome positive action by RBI and this should help higher liquidity in system and over the period may decrease the interest rates".

He added, "Higher liquidity would also help credit needs of medium and small enterprises who are waiting for the liquidity position to improve to increase their business. As government is pushing for major reforms, the credit need of all business would increase dramatically."

"Hopefully with late revival of monsoon if the agricultural output is satisfactory, the food inflation would come down and help the overall inflation to be under control and ultimately this will lead to interest rate cuts by RBI in the near future."

Source : Equity Bulls

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