Captains of industry see a ray of hope in relief measures
Click here to read full article from source
Mumbai, May 22 -- India Inc on Friday welcomed the RBI's moves to boost liquidity, with a 40 basis point cut in repo rate, while extending the moratorium on term loans and increasing group exposure limits for lenders.
Several industry representatives said the latest measures by the central bank will aid economic recovery by fuelling demand amid the pandemic.
"This affordable credit coupled with moratorium extension will help restart the economic engine," said Bhavesh Gupta, CEO of Clix Capital, a retail- and small business-focussed non-bank lender. "Repo and reverse repo rate to multi-year low rates will give the much-needed liquidity boost to consumers and micro, small and medium enterprises," said Gupta.
"The RBI governor's assessmen...
To read the full article or to get the complete feed from this publication, please Contact Us