Views on the decision of Monetary Policy Committee of RBI.

Mohit Kakkad, Director & Founder, VN Finance
Views on the decision of Monetary Policy Committee of RBI.

Views on the decision of Monetary Policy Committee of RBI.

“I welcome the decision of the MPC to keep the status quo and keeping the Repo rate remains unchanged at 4 % and Reverse Repo rate at 3.35 percent. Inflationary pressure is being felt across sectors specially food sector currently. Therefore it’s not advisable to decrease the rate as of now. However the Inflation outlook is favourable on good expected crop this year. This is the time to wait and carefully watch the economic impact of Pandemic. The accommodative stance of RBI indicates that if inflation subsides and remains under control in future they may review and think of further cut in the rate to boost the economy.

About VN Finance

VN Finance P Ltd of VNF is a an innovative financial company Incorporated in March 2019 as a Non Deposit taking NBFC (ND). The company is founded by 31 year old Mohit Kakkad with a vision to use technology to provide finance to hitherto unbanked section of society. he company has already grown fast in its target segment and looking to scale to 5 X in this fiscal. The company is mainly engaged is providing the small and medium size ticket loans on secured and unsecured basis. Secured loans are provided against the security of property, gold and inventories. Unsecured loans are being provided based on creditworthiness and repayment capacity of the borrowers. The senior management of the company consists of  senior leaders from banking industry and mentored by some of the highly qualified professionals. Currently the company is operating in Navi Mumbai area. However in future the company plans to expand its operations in Maharashtra state and gradually across India.

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