Comments from Mr V Vaidyanathan, on the RBI’s Bi-Monthly Monetary Policy Announced Yesterday

By: Capital First Ltd
 
MUMBAI, India - April 8, 2015 - PRLog -- “The key point to note from this policy is that the RBI is keenly awaiting transmission of the past cuts. In a way the RBI is saying banks are being incongruous in their behaviour of passing rates in an increasing interest rate environment versus a reducing rate period and are suggesting this practice be addressed. In keeping monetary policy rates unchanged, there is no surprise in this bi-monthly credit policy released on 7th April 2015. Also, a bit of bullishness about rate cuts have been tempered through this policy, by way of various pre-conditions mentioned.”

About Capital First

Capital First Limited is a Non-Banking Finance Company specializing in MSME and retail financing supported by proprietary credit evaluation methodologies and strong credit scoring platform. The Company also offers Home Loans, Two Wheeler Loans and Durable Loans to entry and mid-level salaried employees of Corporates. The company has financed over 1 million customers till date. The company’s has a high long term credit rating of AA+ by reputed Credit Rating agencies. The company has a Board comprising of reputed professionals with decades of rich experience in the corporate sector.
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Source:Capital First Ltd
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Tags:Vaidyanathan, Capital First, Rbi Bank, Policy, Corporate
Industry:Financial
Location:Mumbai - Maharashtra - India
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