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RBI policy will help revive growth amidst second wave of Covid, say Bankers

The status quo on rates and the accommodative stance of the Reserve Bank of India will help revive growth amidst the second wave of the Covid-19 pandemic, bankers said.“The RBI approach to continue wi

RBI allows banks to buy-back Certificates of Deposits - The Hindu BusinessLine

RBI announces liquidity measures for sectors hit hard by COVID-19

URL copied Under the scheme, banks can provide fresh lending support to hotels and restaurants In a bid to support revival of sectors hit most by the COVID-19 pandemic, Reserve Bank of India (RBI) on Friday decided to open a separate liquidity window of Rs 15,000 crore for certain contact-intensive sectors like hotels and restaurants, tourism and aviation ancillary services. This is in addition to on-tap liquidity window of Rs 50,000 crore with tenors of up to three years at the repo rate till March 31, 2022 to boost provision of immediate liquidity for ramping up COVID-related healthcare infrastructure and services in the country. This was announced on May 5.

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