Travel News - RBI creates separate liquidity window of 15,000cr for hotel, tourism & aviation sector : vimarsana.com

Travel News - RBI creates separate liquidity window of 15,000cr for hotel, tourism & aviation sector


RBI creates separate liquidity window of 15,000cr for hotel, tourism & aviation sector
The Reserve Bank of India (RBI) on Friday announced a separate liquidity window of  INR 15,000 crore to mitigate the adverse impact of the second COVID-19 wave on certain contact-intensive sectors, reports Trisha Medhi for YourStory.
The window will remain open till March 31, 2022, with tenors of up to three years at the repo rate, RBI Governor Shaktikanta Das said in Mumbai after a meeting of the monetary policy committee.
Announcing the on-tap Liquidity Window for Contact-intensive Sectors, he said that banks can provide support to hotels and restaurants, tourism, aviation support services, and other services under this programme.

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