Quote of Mr. Umesh Revankar, MD, Shriram Transport Finance Company

“Though it seems that the RBI has dashed the hopes of rate cuts in 2014, we appreciate the patience of the regulator in containing inflation within permissible limits. Our sense says, instead of being apprehensive about rate cuts, we should look at the green shoots the economy is showing and the pleasant surprise on the IIP front, which is an indicator of better quarters ahead. But still our sense says the year 2015 broadly should be the year of softening of interest rates, which will bring a relief and improve corporate sentiment further.”