of Mr. PH Ravikumar, Managing Director, Capri Global Capital Limited on the RBI's Mid-quarter Monetary Policy

"Very pragmatic move from RBI side. The common expectation was at the minimum a 25 basis point's increase. Given however the current actual levels of interest rates, the current state of growth and economy.

New Delhi (I-Newswire) December 19, 2013 - "Very pragmatic move from RBI side. The common expectation was at the minimum a 25 basis point's increase. Given however the current actual levels of interest rates, the current state of growth and economy, sustained slow down in IIP, and notwithstanding the elevated retail inflation levels, particularly food inflation, I would believe that this decision is to give a chance for growth to start picking up.

It must be borne in mind that in support of this decision the WPI core inflation (excluding fuel and food inflation components) is at just 2.65%."

About Mr. P. H. Ravikumar, Managing Director, CGCL:
Mr. Ravikumar is a Financial Sector Professional with experience of more than 4 (four) decades, with exposure at Top/Senior Management Levels. Of which 33 years of Banking experience and was with Bank of India for 22 years and ICICI Bank for 10 years. He was with NCDEX (National Commodity and Derivative Exchange) for 5 years. He is a visionary and has been instrumental in setting up many financial institutions throughout his career. During his association with Bank Of India he has been a part of the core team in establishing various zones with experiences across Retail, Treasury and Corporate Verticals. He was a key member of the core team in establishing and growing ICICI Bank from its inception till listing on both Indian bourses and on New York Stock exchange. He has lead NCDEX as Managing Director & CEO where in just two years he lead the it to be the third largest agricultural exchange in the world and became commercially profitable four years ahead of projected time frame.

He is a recipient of GOLD MEDAL for Excellence in Banking by French Chamber of Commerce, Industry and Economy, Paris, the first Indian Banker to be so felicitated. He is a Banker, prolific writer & speaker on all financial sector subjects, has been a regular speaker at major Institutes of Management and other industry forums.

He is Commerce Graduate, Certified Associate of London Institute of Bankers, Certified Associate of Indian Institute of Bankers, Fellow of Securities Investments Institute, London and Senior Diploma in French.

About Capri Global Capital Limited (CGCL):
Capri Global Capital Limited (CGCL) is a leading Indian Non-Banking Finance Company (NBFC) operating since 1997. The company is registered with Reserve Bank of India (RBI) and listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). At CGCL, we are proud of our lineage and have since inception, achieved significantly commendable milestones as we move towards our objective of strengthening our position as "India's leading NBFC".

As part of our business activities, CGCL is predominantly focused into Asset Financing and Lending business. The Wholesale Lending Business segment provides specialized and holistic solutions to Indian corporates helping them build and grow their businesses with initial funding, mezzanine financing, acquisition financing etc. We focus on products in the structured credit space backed by adequate collaterals and cash flows to build a secured and quality wholesale lending portfolio.

As part of the diversification and growth plans, in 2012 CGCL forayed into SME and Retail Lending Business with special focus on Priority Sector Lending. The division focuses on generating supreme quality asset book spread across multiple locations where the MSME clusters exist.

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Business > Finance

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December 19, 2013

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