Mr Umesh Revankar, Executive Vice Chairman, Shriram Finance

Shriram Finance Limited

“The hike of 25 bps made by the RBI today, in accordance with MPC’s recommendations and the commentary on easing inflation & growth coming back, signifies that we are nearing the end of the increasing rate cycle, which was enforced to suck out the excess liquidity in the market, in a bid to rein in inflation. It has yielded results, as evidenced by the moderation in CPI inflation in the Nov-Dec 2022 period. With inflationary worries ceasing, the economic landscape at the moment promises a growth momentum, especially for India’s MSMEs. To further boost the MSMEs, RBI has expanded the scope of the TReDS (trade receivables discounting system) platform to improve their cash flows. We are confident that after a grim period characterised by muted consumption, supply challenges and price instability, we will see sustained growth in economic activity.”

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