Mr. Aman Agarwal, Director, KV Developers& Governing Council Member NAREDCO on RBI rate cut.
April 5 2016, 12.48 PM IST || Pocket News Alert
“The cut in repo rate is a positive development for the Indian economy and will certainly help in reviving sentiments amongst masses. This move will steer growth and is expected to infuse more liquidity in the system. The decision to cut the interest rate will now reduce the burden of EMIs on buyers and leads to more money in the hands of the consumer for greater spending. We welcome the RBI positive move, as this will assist realty sector”.
RBI Repo Rate Cut - Mr. Amit Modi, Director ABA Corp and Vice President CREDAI Western UP
Quote on RBI monetary policy review on behalf of Mr. Amit Modi, Director ABA Corp and Vice President CREDAI Western UP.
“This is a good development and a welcome move , since easing interest rate will help revive health of businesses like Real-Estate which are highly sensitive to interest rate movement. We also sincerely hope that both Finance Ministry as well as the RBI asks all the Banks to transfer the benefits immediately to help the end consumer, rather than help in buffering the bottom lines of the bank."