Views of Mr. Umesh Revankar, MD and CEO, Shriram Transport Finance on monetary policy

Greetings from Adfactors PR!

 

Post the monetary policy, please find below the views of Mr. Umesh Revankar, MD and CEO, Shriram Transport Finance.

 

Also attached is his photograph for your reference.

 

“The monetary policy was along expected lines and is in continuation of the measures announced by RBI over the last couple of quarters. Status quo on rates maintained for third consecutive policy while reiterating accommodative stance for as long as necessary, at least in the current year and going into next fiscal year augurs well for economic recovery and financial stability. It is good to see that the pro-growth measures being taken have not only kept the rural economy resilient but also helped urban demand gain momentum in recent months. While liquidity has been ample, steps to widen on-tap TLTROs to cover other sectors should facilitate faster recuperation and eventually economic expansion. Lastly, the regulator has proposed to put in place criteria for dividend distribution and introduce risk-based audit for large NBFCs and co-operative banks, and we welcome that as a systemically important constituent of India’s financial services universe.”

 

Thank you.

Regards, 

Shivangi Sinha | Trainee Account Executive | Mumbai

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