Views of Mr. George Alexander Muthoot, MD, Muthoot Finance on Monetary Policy

Views of Mr. George Alexander Muthoot, MD, Muthoot Finance on Monetary Policy"RBI has decided to take a pause and maintain the status - quo. With the overall economy showing early signs of recovery and consumption demand picking up, we expect the rates to come down by second half of fiscal post the previous rate cuts gets absorbed in the system. We welcome RBI's indication that at least one set of small and payment banks may be announced by this month end emphasizing their continuous focus on expanding financial inclusion stance which is very encouraging for the economy."

Shares of MUTHOOT FINANCE LTD. was last trading in BSE at Rs.187.85 as compared to the previous close of Rs. 190.9. The total number of shares traded during the day was 8932 in over 355 trades.

The stock hit an intraday high of Rs. 191.5 and intraday low of 186. The net turnover during the day was Rs. 1683345.

Source : Equity Bulls

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