"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.

Mr. PH Ravikumar has assumed charge of Money Matters Financial Services Ltd., a leading non banking finance company as the Managing Director. Mr. Ravikumar is driving the change in the business orientation of the NBFC, converting the Company from, a