Axis Capital

Industry Welcomes RBI's Approach and Update For Economic Growth

Mr. Shachindra Nath, Executive Chairman and Managing Director, U GRO Capital, commented to today's RBI's announcement by saying, “The opening of a special liquidity window of INR 15,000 crore till March 31, 2022, will act like a lifeline for affected hospitality and tourism sectors. It is appreciative of RBI to address the pandemic effects on multiple micro and small businesses like salons, car repair and rental services, who saw minuscule business."