Views of Mr. George Alexander Muthoot, MD, Muthoot Finance on Surprised Monetary Policy

Quote/ Views of Mr. George Alexander Muthoot, Managing Director, Muthoot Finance Ltd:

“The day could not have started better with the RBI’s surprise round of rate cuts. An excellent budget followed by rate cuts, it seems the government and the regulator are perfectly synced for stimulating economic growth.

It was a long standing demand of corporate India to reduce the cost of borrowing and it is comforting to see that we are steadily moving towards it. I expect the banks should follow the suite and reduce their base rates as well thereby making funds cheaper.”