Tata Capital - RBI monetary policy

Posted by: at 8/02/2017 04:03:00 am

Quote by Mr. Govind Sankaranarayanan, Chief Operating Officer of Retail Business & Housing Finance, Tata Capital:

Quote by Mr. Govind Sankaranarayanan, Chief Operating Officer of Retail Business & Housing Finance, Tata Capital:


“The RBI’s change in stance from a ‘neutral’ to a cautiously ‘accommodative’ one seems to be predicated by an overall healthy monsoon, a decline in the inflation rate & a visible contraction in the manufacturing activity of the country – the first since demonetization. Credit growth has also remained sluggish for a few quarters and the rate cut should aid retail borrowers across auto, white goods and especially the affordable housing sector, which would benefit us as an NBFC. We welcome the stance taken by RBI and given the macro economic climate, we expect a further rate cut in the future.”

Tata Housing | RBI monetary policy

Quote by Mr. Brotin Banerjee, MD & CEO, Tata Housing:


“We anticipate that the rate cut announced today by .25 BPS, coupled with commensurate benefits for borrowers, will impact home loan rate positively and enhance the consumer sentiment. With the market view calling for measures that encourage investment to boost growth numbers, and with the installation of a regulatory regime for the real estate sector, we expect this move to keep the stimulus on for potential home buyers to invest, and to benefit current borrowers.”

CBRE Comments: RBI Monetary Policy Review

CBRE Comments: RBI Monetary Policy Review

Anshuman Magazine, Chairman, India and South East Asia, CBRE said, “The RBI's decision to cut the repo rate by 25bp to 6% - a 7 year low – is in line with industry expectations amidst low inflationary trends. We believe that this cut will result in making housing loans cheaper and help credit offtake in the housing sector. In the long run this will provide further impetus to the segment and help in rejuvenating housing sales. Coupled with the other structural reforms introduced in the recent past, this announcement will further enhance activity levels in the real estate and construction sector.”


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