Can pass on rate cut benefits after banks cut MCLR: Yashpal Gupta, Repco Home Fin
  • WebDesk BTVI
  • Jun 07 2019

Yashpal Gupta, Repco Home Finance, shares his opinion on RBI rate cut by 25 bps and how it reflected on the finance sector. Gupta says housing finance companies borrow about 75-80% money from banks, and given the banks have not reduced MCLR following rate cuts, HFCs have not benefitted from rate cuts yet. He adds firms can pass on the benefit to customers only when banks cut MCLR, which he says can be expected in the next few months.