Views of Mr. Umesh Revankar, MD and CEO, Shriram Transport Finance on RBI announcement - 17th April 2020

"RBI's announcement to infuse liquidity into the system is extremely welcoming and a big relief to NBFC borrowers. The decision to cut the reverse repo rate by 25bps will encourage banks to look for lending opportunities. We would appreciate if banks reciprocate positively to NBFCs request on moratorium to manage cash flow smoothly. All in all we think it is a positive step taken by the RBI to overcome the challenges faced by the economy."

Source : Equity Bulls

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