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Quote by Mr. YS Chakravarti, MD & CEO, Shriram City

Quote by Mr. YS Chakravarti, MD & CEO, Shriram City

“We expect RBI to maintain status quo in the last monetary policy meet for the year 2021. With an increasing possibility however, of the reverse repo being hiked, even as uncertainty surrounding global markets and the Omicron variant persists.

 

The festival season has been a big boost for consumer, personal and SME loans, especially small ticket loans. Borrower sentiment is on the uptrend, and we are witnessing increased borrower appetite for two-wheeler loans. With strengthening of the economy, we are also seeing green shoots of recovery in the SME segment and expect loan demand to pick up going into 2022.

 

In an attempt to support economic recovery, the RBI and the government have been pushing to drive credit growth, aided also by lower rates on home and vehicle loans, and we believe this thrust will continue.”

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