views of Mr. Umesh Revankar, MD and CEO – Shriram Transport Finance Ltd on Third Bi-monthly Monetary Policy 2019-20. Also attached is the photograph for your reference.
“We welcome the RBI`s decision of 35bps cut. This rate cut is in line with our expectations in current economic conditions. With a total of 110 bps cut in 2019, we expect the banks to be in a comfortable position to do the transmission of the same.
Permitting Banks to lend through NBFC for priority sector lending would make this transmission faster and more efficient. This also would significantly improve the MSME functioning in the current environment and ultimately contribute to faster growth of economy. As the monsoon predication is very positive, the overall demand will pick up during Ganesh Chaturthi and would keep the momentum positive through the year”