Views of Mr. Umesh Revankar, MD, Shriram Transport Finance Company on RBI Monetary Policy

Views of Mr. Umesh Revankar, MD, Shriram Transport Finance Company on RBI Monetary Policy:

“Cutting the SLR by about 50 basis points is a positive as it gives banks additional funds for lending purposes. The MSME segment will get a boost as big corporate credit demand is not picking up and more liquidity would be available in the system. The policy rate remaining unchanged was as per the expectation and we hope the RBI would do the further reduction post the budget..”