RBI MPC announcement – Nikunj Agarwal, Head – Fund Raise, Finance, Alliances, Propelld

Nikunj Agarwal, Head – Fund Raise, Finance, Alliances, Propelld.

“We welcome the repo rate cut by 25 bps to 6.25% which will benefit non-banking financial companies (NBFCs). Reduced rates will increase the profit margins of NBFCs and drive more participation in the market. At Propelld, we have been managing assets and liabilities prudently by keeping NPAs at the lowest level.”