The most supportive policy for economic growth - Deo Shankar Tripathi, MD and CEO of Aadhar Housing Finance on repo rate Cut by 0.35% - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Wednesday, August 07, 2019

The most supportive policy for economic growth - Deo Shankar Tripathi, MD and CEO of Aadhar Housing Finance on repo rate Cut by 0.35%

Quote by Deo Shankar Tripathi, MD and CEO of Aadhar Housing Finance on repo rate.


“RBI has done its best bit to counter cyclic economic slowdown by reducing the Repo rate by 0.35% ahead of festive season. We expect rate reduction by many banks and in turn by NBFCs to boost market sentiments and demand. 

0.15% reduction of the benchmark interest rate after by SBI, RBI policy will set the tone for interest rate reduction by other banks. 

Increasing single party exposure from existing 15% to 20% of tier 1 capital of bank for lending to registered NBFC is big support. 

A move that will increase borrowing limit of big NBFCs /HFCs. 

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Increase on the lending limit of housing loans from existing 1Rs. 0 lacs to Rs. 20 lacs for priority sector eligibility will encourage banks to lend to HFCs, which is highly positive for the small and mid-sized HFCs struggling for liquidity. 

To sum up, this is one of the most supportive policy for economic growth."
The most supportive policy for economic growth - Deo Shankar Tripathi, MD and CEO of Aadhar Housing Finance on repo rate Cut by 0.35% Reviewed by Investment Guru on August 07, 2019 Rating: 5 Quote by Deo Shankar Tripathi, MD and CEO of Aadhar Housing Finance on repo rate. “RBI has done its best bit to counter cyclic econo...

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