Views of Mr. George Alexander Muthoot, MD, Muthoot Finance on RBI's Monetary Policy

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

“RBI has decided to take a pause and maintain the status – quo. With the overall economy showing early signs of recovery and consumption demand picking up, we expect the rates to come down by second half of fiscal post the previous rate cuts gets absorbed in the system. We welcome RBI’s indication that at least one set of small and payment banks may be announced by this month end emphasizing their continuous focus on expanding financial inclusion stance which is very encouraging for the economy.”