Sudhin Choksey, MD of Gruh Finance feels the RBI initiative will certainly benefit the company as the funds flowing from the banks would now be considered for the priority sector.
Sudhin Choksey, managing director, Gruh Finance, a subsidiary of HDFC Ltd, explains to CNBC-TV18 that there has been no impact on interest rates since the State Bank of India announced a cut in home loan rates for new customers.
Sudhin Choksey, MD, Gruh Finance, says that the bank borrowing cost and NHB refinance cost has also not reduced which is a worrying factor.
Sudhin Choksey, managing director of Gruh Finance in an interview to CNBC-TV18 spoke about the latest happenings in the company and the road ahead.