Quote by Mr. YS Chakravarti, MD & CEO, Shriram City: “The MPC’s unanimous vote to keep key policy rates unchanged is encouraging for credit growth which has been lagging at FY19 levels. The accommodative stance by the RBI will support economic activity, which is slowly getting back to normal. The Capex cycle is about to unfold, driven by the Union Budget 2022 infra spends and all-time low-interest rates will be supportive. The MSME segment, which forms the bulk of our loan book, has weathered the effect of COVID-19, and with the rising cost of raw materials, the low cost of funding will enable a faster return to profitability. Festive demand for 2-wheeler loans hit a record for SCUF; we expect the momentum to continue into 2022, as long as COVID doesn’t play spoilsport.”
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Through this exciting initiative, the brand aims to emerge as the go-to purveyor of authentic Chinese in India
New D
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