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

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

"With the rate current cut of 50 bps, there is a clear sense of urgency from the regulator to push the economic growth rates and this is exactly what we expected from the regulator. With the pro-growth stance of the RBI, it gives a clear hint to India Inc to push for growth, take investment decisions as it can now foresee rates to soften further.

What also gives RBI the relief and headroom for the rate cuts is the inflationary pressures that are expected to stay well within the comfort zone of the RBI. These rates cuts will surely lift the sentiment of India Inc, but the relief will only come when the banks follow the RBI's footsteps and reduce their rates too as the corporate will get ready to push the throttle. With 125 bps rate cut already done till now, in the coming six months, a 50 bps more cannot be ruled out."

Shares of MUTHOOT FINANCE LTD. was last trading in BSE at Rs.161.15 as compared to the previous close of Rs. 155.5. The total number of shares traded during the day was 5468 in over 378 trades.

The stock hit an intraday high of Rs. 162.95 and intraday low of 153.2. The net turnover during the day was Rs. 868063.

Source : Equity Bulls

Keywords