Views of Mr. George Alexander Muthoot, Managing Director, Muthoot Finance Ltd on RBI policy review

Views of Mr. George Alexander Muthoot, Managing Director, Muthoot Finance Ltd

"As expected the central bank kept the rate unchanged in line with market focus on downward inflation trajectory. We are awaiting regulatory revamp in the NBFC sector which will determine our strategy going forward. Also we expect the interest rates to come down in second half of FY15 as we foresee positive business sentiments post the elections. We welcome RBIs decision towards financial inclusion and protecting consumer interest by asking banks not to charge prepayment penalties, which we at Muthoot Finance already practice."

Source : Equity Bulls

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