“MPC has unveiled its last credit policy for FY20 in the backdrop of rising inflation and slowing GDP growth. Cash Reserve requirement will fall for every incremental housing, auto, and MSME loan, which would largely be instrumental in reducing the cost to capital. Marginal improvement in liquidity has already been observed amongst NBFCs due to a slew of measurements undertaken by the government and RBI. All in all, the policy remains neutral, but the accommodative stance does give a ray of hope to the MSME sector and entire Industry”.
About Ritesh Jain
Ritesh Jain is the Co-Founder of FlexiLoans.com, one of India’s leading technology-based online lending platforms started that with an endeavour to solve the problems that small businesses face in accessing quick, flexible and adequate funds for growing their businesses. The team’s vision is to give the cash-starved SME and MSME sector, ‘financial access at a click’. At Flexiloans.com Ritesh is responsible for finance and operations.
Ritesh has over 18 years of experience across start-up, finance, technology, telecom and hospitality domains.Prior to Flexiloans.com, he has held several leadership positions including Chief Financial Officer at Housing.com and Head-Planning at Tata Teleservices where heimplemented and integrated 12+ IT systemsincluding fraud management, SAS, Cognos, CRM and Business intelligence tools. Ritesh has also worked with Citibank and Starwood Hotels.
Ritesh is a passionate runner and has participated in various marathons. He can Play table tennis equally well with both hands. He loves travelling and spending free time with his daughter
He isDean’s ListerMBA from Indian School of Business (ISB- Hyderabad), qualified Chartered Accountant and a Bachelor of Commerce graduate from the University of Delhi.
