APN News

  • Sunday, September, 2021| Today's Market | Current Time: 02:59:28
  • RBI Monetary Policy Quote from George Alexander Muthoot, Managing Director at Muthoot Finance

    Published on August 6, 2021

    “We welcome RBI’s unchanged view of accommodative stance, commitment to maintaining adequate liquidity in the system to fuel growth even as inflation has inched up and is likely to remain sticky near-term. Extended period of historically low interest rates will stimulate credit and economic growth. This benign environment is necessary and positive for supporting the broader economy, particularly the SMEs, small businesses, shopkeepers and traders who have been most impacted by the second COVID wave and experienced difficulty in restarting business activities with traditional banking channels. With business activities having resumed pan-India and vaccination coverage also progressing nicely across, we are seeing lifting of market sentiment and demand revival going into the upcoming festive season.”