01-10-2023 04:08 PM | Source: PR Agency
Pre Monetary Policy Quote By Mr. Umesh Revankar, Executive Vice Chairman, ShriramFinance
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Below Quote On Pre Monetary Policy Umesh Revankar, Executive Vice Chairman, Shriram Finance
"Since the latest Monetary Policy announcement, the monsoons have been active narrowing the deficit gap of long-term average of overall rains and also prices of essential necessary food commodities have been under control. However, there are still concerns about the Kharif crop, particularly pulses, which may put more upward pressure on prices. We believe that RBI will continue to exert control over money circulation and that could increase the cost of funds for retail and SME lending. We are confident that these initiatives will have no negative impact on economic growth. Overall, we expect the RBI to keep repo rate rise on hold for some more time."
About Shriram Finance:
Shriram Finance, India’s biggest retail NBFC, offers credit solutions for commercial vehicles, two-wheeler loans, car loans, home loans, gold loans, personal and small business loans. It is part of the 50 year -old Shriram Group, a financial conglomerate that has emerged as a trusted partner in creating transformative experiences and lasting impressions in customers’ lives.
As on June 30, 2023, with a network of 2,930 branches and a workforce of 66,343, Shriram Finance has combined Assets Under Management (AUM) worth ? 193,215 crores.
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