PM, FM, industry welcome RBI ”bazooka” of interest rate cut, liquidity measures

From Prime Minister Narendra Modi to rating agencies and economists, all welcomed the Reserve Bank of India”s steps to reduce the cost of borrowing and infusing liquidity in the market in its war against the impact of coronavirus pandemic. Following are the comments made by key leaders, businessmen and economists: Muthoot Pappachan Group Chairman Thomas John Muthoot: Various measures to nudge banks to lend and to inject liquidity into the system, will help in passing the benefit to the potential borrowers