Govind Sankaranarayanan reacts to RBI monetary policy

“The RBI has maintained its position and adopted a neutral stance, buoyed by the high economic growth despite the demonetisation, which seems to have eased the RBI's worries on the growth front. The inflation seems to be a source of concern for the RBI, which have been increasing but are still well within the RBI’s comfort zone for the time being. From an NBFC perspective, we have already seen an interest rate drop of around 80-90 basis points, which has seen a positive impact in sectors like auto, white goods and housing.”
Mr.Govind Sankaranarayanan, COO, Retail and Housing Business, Tata Capital