Kapil Wadhawan, CMD ,DHFL Comment On RBI Credit Policy

Kapil Wadhawan, CMD ,DHFL Comment On RBI Credit Policy
The quote of Mr Kapil Wadhawan, CMD at DHFL on the credit policy announced October 4, 2016

Mr. Kapil Wadhawan, CMD, DHFL said,“We welcome the RBI’s decision to continue with the lower interest rate regime by undertaking a rate cut of 25 bps.

The monetary policy will support growth by ensuring surplus/durable liquidity for banks and financial institutions. We expect the financial system to respond positively on the interest rate. DHFL too intends to respond positively by passing on the benefits to the end borrowers. 

This is in line with our commitment towards transforming the lives of every Indian household by enabling access to home ownership. We look forward to a robust growth in the demand from retail home loan borrowers and expect the Governments’ initiatives on affordable housing to gain substantially from the lower interest rate regime.“

Kapil Wadhawan, CMD, DHFL 

He further added, “The macro picture looks more and more positive with good Monsoon and continued thrust on policy reforms by the Government. These are creating positive environment for pickup of investments and demand for capital goods .We will witness stronger and broad based growth momentum going forward.”

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