Comments of Mr. Umesh Revankar, MD, Shriram Transport Finance Company Limited on First Bi-Monthly Monetary Policy Statement, 2015-16

Views of Mr. Umesh Revankar, MD, Shriram Transport Finance Company Limited

“RBI kept the rates unchanged as it feels that the effect of two successive rate cuts in a calendar year is yet to be reflected. This is just a momentary status quo intended to give time to the overall economy to absorb the current liquidity. As the economic environment is showing positive signs with inflationary pressures well under control, we expect further rate cuts to come our way.”