G-SAP 1.0: RBI to make 2nd G-secs purchase worth Rs 35,000 cr on May 20
Das had announced on April 7 the RBI will put in place what is termed as a secondary market G-sec acquisition programme or G-SAP 1.0 for 2021-22.First purchase of Rs 25,000 crore in April received an enthusiastic response from market
BusinessToday.In | May 5, 2021 | Updated 11:42 IST
Governor Shaktikanta Das
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday announced the second purchase of government securities worth Rs 35,000 crore under the G-sec Acquisition Programme (G-SAP 1.0) on May 20.
This will allow an orderly evolution of the yield curve as the second Covid-19 wave ravages the Indian economy.
RBI comes to the rescue yet again! But, don t forget the risks
The measures announced by the Reserve Bank Governor Shaktikanta Das are timely and directed at certain segments
Anand Adhikari | May 5, 2021 | Updated 12:49 IST
RBI Governor Shaktikanta Das
The RBI has announced a series of measures to protect small borrowers and MSMEs amid the second Covid-19 wave in the country. The measures are timely and directed at certain segments. But more checks and balances are needed as risks increase for the financial system.
Ensuring flow of money to mid-sized hospitals, labs, other healthcare units
The RBI has to ensure that term liquidity facility of Rs 50,000 crore provided to banks flow at 4 percent rate to smaller hospitals, pathology labs, ventilator suppliers and others in healthcare sector.