Credit Access Grameen Limited reacts to RBI Policy

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By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

RBI Policy reaction quote by Mr. Udaya Kumar Hebbar, MD and CEO, Credit Access Grameen Limited f

” After enhancing the exposure cap from 10% to 15% in October 2018, by allowing exposure of banks to NBFCs based on risk-weighted as per the rating assigned by accredited rating agencies, RBI has given another helping hand for well rated NBFCs. This policy change could potentially encourage the banks to increase their lending to NBFCs. Further, the reduction of cost of funds by 25bps and expected boost in consumption on account of projected low inflation could bring stability to the NBFCs Sector, particularly those who are in rural mass market”

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