Monetary Policy Reactions: Mr. Umesh Revankar, MD and CEO, Shriram Transport Finance.
“Given the current economic and temporary inflation scenario, the unchanged policy rate is in line with our expectations. As there has been reasonably high liquidity in the system and limited transmission of the earlier rate cuts, RBI decided to maintain status quo. We expect the private capex to make an entry due to corporate tax cut and Banks to start lending aggressively to reduce existing liquidity.”
