Ajai Shukla says rate hike should not hurt business
In short
Ajai Shukla said the rate hike should not hurt business, and that a 100 basis point rise is unlikely in FY27. The summary also says the NBFC has strong loan and disbursement growth and has already met its target by the second quarter.
This matters for the NBFC and borrowers because higher rates can affect funding costs. The reporting does not name the company or give the size of the loan growth.
What the reporting says
Ajai Shukla said there would be no business impact from the rate hike and that a 100 bps rise is unlikely in FY27, according to the headline. The publisher-supplied summary adds that the NBFC has strong loan and disbursement growth and has already hit its target by the second quarter. The reporting does not identify the NBFC or explain the rate-setting context.
Why it matters
Ajai Shukla is quoted in the headline as saying the rate hike will not hurt business and that a 100 basis point rise is unlikely in FY27. The supplied summary says the NBFC has strong loan and disbursement growth and has met its target by Q2. The company name and the exact rate context are not stated, so the broader impact is unclear.