“The measures announced by RBI will act as a big relief for the industry, financial institutions, mutual funds as well as Indian economy as a whole. The liquidity with the banks due to change in rates and policies will help to boost the demand in the economy. However, there needs to be a mechanism to ensure that individual banks mandatorily pass on rate cuts, moratorium of term loans, deferment of interest and realignment of working capital loans to the borrowers immediately.”
Home Expert Speak Gyanesh Chaudhary, Managing Director, Vikram Solar shares views post RBI announcement on...
