Views on Budget 2014-15 - Mr. George Alexander Muthoot, MD, Muthoot Finance Ltd

"The Modi government's maiden budget was a balanced one, provided the right stimulus to kick start the economy and at the same time also reached out to the common man.

The Finance Minister's focus on expanding the purview of the banking system through both universal and differentiated bank model clearly indicate its thrust on financial inclusion by providing banking services to the country's unbanked population. Introduction of uniform KYC norms and its inter-usability across the entire financial sector too will simplify processes further.

The proposed two bank accounts in each household under the government's Financial Inclusion Mission and considering them worthy for credit; the government seems on the right path to unlock the massive potential of emerging India."

Shares of MUTHOOT FINANCE LTD. was last trading in BSE at Rs.183 as compared to the previous close of Rs. 181.3. The total number of shares traded during the day was 29285 in over 1555 trades.

The stock hit an intraday high of Rs. 183.8 and intraday low of 173. The net turnover during the day was Rs. 5247380.

Source : Equity Bulls

Keywords