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India Inc looks forward to repo rate cut in future

India Inc looks forward to repo rate cut in future SECTIONS Last Updated: Jun 04, 2021, 07:05 PM IST Share Synopsis The RBI decided to leave the benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, as the economy faces the brunt of the second COVID-19 wave. PTI India Inc on Friday said it is looking forward to a repo rate cut in future as cost of funds has to come down in coming times, and expects continuation of accommodative policy stance by the Reserve Bank...
Sanjay Aggarwal India Inc On India Inc Reserve Bank Resolution Framework Accommodative Policy Stance

Crisil fears large companies will benefit from RBI sops for contact-intensive sectors

Crisil fears large companies will benefit from RBI sops for contact-intensive sectors SECTIONS Last Updated: Jun 04, 2021, 10:52 PM IST Share Synopsis Earlier in the day, the RBI relaxed the eligibility criteria for the restructuring window offered under the Resolution Framework 2.0 to Rs 50 crore. Earlier, only half of the rated companies were eligible for the package when the loan eligibility threshold was set at Rs 25 crore. It also launched the Rs 15,000-crore liquidity facility. PTI Leadin...
Subodh Rai Reserve Bank Resolution Framework Chief Rating Officer Subodh Rai Eligibility Thresholds Bank Of India

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RBI introduces Rs 15,000 crore liquidity window for contact-intensive sectors; loans of up to Rs 50 crore for MSMEs can be restructured

By way of an incentive, banks will be permitted to park their surplus liquidity up to the size of loan book created under this scheme with the RBI under reverse repo window at a rate which is 25 basis points lower than repo rate.
Shaktikanta Das Reserve Bank Resolution Framework Reserve Bank Of India Sbi Loans Shaktikanta Das
Source: india.com

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