RBI extends fresh support of ₹50,000 crore to NABARD, NHB, SIDBI
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Regulator announces committee to strengthen ARCs
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Regulator announces committee to strengthen ARCs
The RBI on Wednesday announced various developmental and regulatory policy measures on liquidity management and support to targeted sectors, to help mitigate the impact of the pandemic and help in economic revival.
The central bank decided to extend freshsupport of ₹50,000 crore to the All India Financial Institutions for new lending in FY22. This would help support the continuedflow of credit to the economy in the aftermath of the COVID-19pandemic and to nurture the still-nascent growth impulses.
Staying the course on inflation targeting regime is welcome - PAUL NORONHA×
RBI may need a much larger G-sec buying programme to meet the objectives of government’s borrowing plan
In its first meeting of 2021-22, the RBI’s Monetary Policy Committee kept unchanged the policy repo rate at 4 per cent and also said that the stance of the monetary policy will remain accommodative. This outcome of the MPC’s three-day long meeting was universally anticipated, particularly in the light of the recent vigorous surge in the Covid-19 caseload in Maharashtra and a few other States. The stock market responded positively while the G-sec prices rose marginally after the policy.
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About a dozen lenders, including some of the large state-owned entities, such as Rural Electrification Corporation and Power Finance Corporation, would be approached for equity participation in the bad bank — being positioned as a national ARC.