Quote on RBI monetary policy review by 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."