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India Inc Gets a Reason to Firm Up Investment Plans-The Economic Times

“It is not the size of the cut, rather the di­rection of interest rates, that the RBI has signalled through this cut that it is meaningful. We now expect banks and credit provid­ers to take the RBI’s cue by reduc­ing interest rates so that invest­ment and consumer demand improve,” said VS Parthasarathy CFO, Mahindra &[...]
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Statement from Mr. V S Parthasarathy on RBI’s Credit Policy

The RBI Governor did not deliver any rate cut, and this was widely expected but he has made a telling point about the need for banks to transmit the benefit of the previous reductions to borrowers. To this end, the RBI has indicated that they will encourage banks to move towards a marginal cost- based[...]
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Quote from Mr.VS Parthasarathy on RBI cutting repo rate

The RBI was frugal in delivering a 25 bps cut in Repo Rate with an outlook that further action will hinge on evolving data points. While we respect RBI’s action today, we do expect more is in store for the sake of growth, which is still fragile. The widespread prognosis of monetary policy experts, based[...]
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Auto firms expect GST regime soon-DNA

V.S. Parthasarathy, chief financial officer at Mahindra and Mahindra, India’s largest sport utility vehicle maker, says that if overall rates come down under GST, this would be “a demand booster and it also allows for transparency”.
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VS Parthasarathy shares M&M’s approach to build a future ready finance function-IMA CFO Connect

A CFO today needs to wear multiple hats-that of a bean counter, a conscious keeper and increasingly a value manager.A CFO who can integrate these diverse skills & qualities is called a ‘5-Star CFO’ at M&M. M&M is seeking to build such finance leaders for tomorrow through several bold & innovative initiatives that will enable[...]
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