Quote by Mr. Umesh Revankar, MD, Shriram Transport Finance Company Limited on Fifth Bi-Monthly Monetary Policy Statement, 2015-16

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

“As expected, RBI continues to keep the rates unchanged mainly for the front loading cuts to get transmitted in the system before going for any more rate cuts. The status quo stance is also a protective measure to achieve the target inflation.

With GDP growth of 7.4% in the second quarter of FY16 clearly signals the economy has started to look up. For us, with the commercial vehicle sales witnessing acceleration year - on - year and the recent infra policy initiatives, we are buoyant on the overall industry.      

As the economy is in recovery mode, investment demand and the need for credit will pick up; we hope RBI will reduce rates atleast 25 bps in the forthcoming policy.”