Sai Estate Consultants Chembur Pvt Ltd (SECCPL) a pan India based property consultant. Kindly find below the quote on RBI Monetary Policy on behalf of Mr Rahul Grover-CEO, SECCPL. Request you to consider his inputs for your esteemed platform. Please get back to me in case of any queries.
The quote by Rahul Grover-CEO, SECCPL:
"Considering that much of earlier rate cuts hasn't resulted in credit into the system, it wasn't necessary for another round of cuts particularly when inflation seems to be on the uptick. Manufacturing figures are encouraging which would have prompted a rethink at the MPC and may have resulted in this decision. We at Sai expect tangible credit in the system. Banks are still unwilling to lend and measures to instill confidence needs to be made for reaping the benefits of the monetary policy"
No comments:
Post a Comment