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Quote on Monetary Policy Committee by K. Paul Thomas, MD and CEO, ESAF Small Finance Bank
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Below the Quote on Monetary Policy Committee by K. Paul Thomas, MD and CEO, ESAF Small Finance Bank
Though today’s policy decision by MPC throws no surprises, there are reasons for bank customers to cheer about. One, by holding the rates steady, the equated monthly instalment (EMI) of the customers will remain unchanged for the next couple of months. On the other hand, with credit growth remains buoyant, lenders are likely to hike rates on term deposits to garner fresh funds for on lending and that is good news for depositors
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