Mr. Nikhil Jain, Ramprastha Group CEO on the RBI policy review

"I understand that Rs 17000 crore extra will be available with banks for lending after RBI cut cash reserve ratio by 25 basis points. This is expected to ease off loans to industries and consumers, which is a positive for the real estate sector. The measure will improve supply of loans but not the cost of loans. A little action on the rate side would have been even more encouraging for the productive industries and would have lifted corporate and household sentiments in the sagging economy. Going by the RBI governor's statement that liquidity would be managed in future to ensure adequate flow of credit to productive sectors is reassuring and we can expect further policy action in future." - Ramprastha CEO Mr. Nikhil Jain.

Source : Equity Bulls

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