Non banking finance company Rural Electrification Corporation has managed to report a 25% surge in profits year on year to Rs 2532 crore for the quarter ended September 2011. However, profits came in flat at Rs 622 crore due to the rate hiking spree of the RBI.
Speaking to CNBC-TV18, director finance, HD Khunteta says that he expects interest rates to slowly start coming down from February of 2013 onwards.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
