The domestic economy has begun showing signs of normalcy with the ease in lockdown restrictions across the country, PTI reports RBI Governor Shaktikanta Das as saying. Das added that post containment of Covid-19, a very careful trajectory has to be followed in the orderly unwinding of countercyclical regulatory measures. The financial sector should return to
In an effort to further ease financial stress caused by Covid-19 disruptions, Reserve Bank of India (RBI) on Friday announced several monetary measures to provide “relief” on debt servicing and improving access to working capital. “The intensification of Covid-19 disruptions has imparted priority to relaxing repayment pressures and improving access to working capital by mitigating
In a major move to boost liquidity in the market, RBI on Friday announced several additional measures to accelerate the economy and facilitate bank credit flows in lockdown 2.0. Among the various measures announced, its allotment of Rs 10,000 crore to National Housing Bank is a “big move” for the real estate sector reeling under
In a bid to boost liquidity and expand bank credit amidst economic crisis triggered by COVID-19 pandemic and the nationwide lockdown, the Reserve Bank of India (RBI) on Friday encouraged banks to lend more by slashing reverse repo rate by 25 basis points. This is the central bank’s second set of measure since the lockdown began from
The Micro, Small & Medium Enterprises (MSME) sector is the backbone of the country’s economy. The sector contributes 29% of the GDP, 50% of export and employ 11.10 crore people of India. What will be the financial implications of the coronavirus disease (COVID-19) on the vital sector, and how is the MSME-focused Prest Loans placed
After the Reserve Bank of India (RBI) swung into action to preserve financial stability by announcing a slew of extra-ordinary measures on Friday, here is how the domestic real estate and allied sector reacted: Mohit Goel, CEO, Omaxe Ltd: While the RBI’s move involving cut in the repo, reverse repo, CRR and SLR and thereby
Acknowledging a long-term economic ramification fuelled by the novel coronavirus pandemic, the Reserve Bank of India (RBI) announced a slew of extra-ordinary measures on Friday. “In spite of the very challenging environment, I remain optimistic,” RBI Governor Shaktikanta Das averred as he announced the steps to achieve a three-fold objective: mitigate the negative effects of
RBI Governor Shaktikanta Das has said that on the back of countercyclical measures undertaken by the government, structural reforms need to be continued to revive demand and support the economy. Also, green shoots are now visible and need to be sustained to pull India out of its current slowdown. In an interview with PTI, Das
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