Views of Mr. Ramesh Kelkar, Head of Risk, Wholesale Lending, Capri Global Capital Limited

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* New Delhi - Delhi - India

NEW DELHI, India - Jan. 29, 2014 - PRLog -- New Delhi, January 28, 2014: Views of Mr. Ramesh Kelkar, Head of Risk, Wholesale Lending, Capri Global Capital Limited on RBI’s Monetary Policy announced today.

It was expected, RBI would maintain status-quo on Repo Rate considering the sluggish economic growth.
Still the increase in Policy rate is not a rude shock as in last few months after change of the guards at RBI, it is now amply clear that RBI’s prime concern is reining  in the inflation for which central bank has set a clear road map.
RBI has made it clear that when it comes to inflation there is no trade off for growth. It is believed that the anti-inflationary measures should not halt the growth in short run. Once the inflationary trend is in control, the policy measures will be eased to help further economic growth.
The central banker believes that the growth is basically a function of investment and inflation, especially CPI based, increases the spending at the cost of savings. Hence if CPI based inflation is controlled the investment will be boosted and thereby the growth can be achieved in long run.
If RBI succeeds reining in the inflationary trend within the targeted band, there would not be any further tightening of Policy measures in near future.
It remains to be seen how the banks are responding to this. Banks would not be interested to increase the lending rates at this stage as their credit growth is already reeling and they are desperately looking for some quality assets which is a scarce commodity at present. But unless the policy measures are percolated through the banking system they would not have the desired impact in the economy.

About Mr. Ramesh Kelkar, Head of Risk, Wholesale Lending

Mr. Kelkar is a veteran in the Banking & Finance space with more than 39 years of experience. Prior to joining Capri Global, he was associated as General Manager with the Union Bank of India and heading the Credit, MSME, Monitoring & Restructuring Verticals. He has vast experience of Finance - Project Finance, Corporate Finance, Policy & Planning, MSME and Credit Monitoring. During his stint at Union Bank, he had handled industrial credit proposals for Large Corporates and also got acquainted with Infrastructure Finance for Roads, Ports and Power Sector Projects.

A meritorious Commerce Graduate, Mr. Kelkar took a Law Degree from Mumbai University and went on to achieve Post Graduate Diploma in Business Management. He is also a Certified Associate of IIB. Mr. Kelkar is a seasoned academician in the field of Credit/ Finance, Legal Aspects and Behavioral Science Management.

About Capri Global Capital Ltd:

Capri Global Capital Limited (CGCL) is India’s leading Non Deposit Accepting Systemically Important Non‐Banking Finance Company (NBFC - NDSI) focused on Wholesale and Small and Micro Enterprise lending. As on September 30, 2013, CGCL’s consolidated net worth was approx. Rs. 935 crore. CGCL has dual focus, under wholesale lending on residential real estate projects of reputed developers pan India and on SME lending business under priority sector, providing loans for purchase of machinery, equipments, working capital, etc. CGCL is also present in structured debt financing segment.

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