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The Reserve Bank of India (RBI) will give banks Rs 50,000 crore to enable them to lend further for "healthcare needs" in the Covid-19 crisis, said governor Shaktikanta Das on Wednesday. “India has mounted a valiant defence against Covid-19. The RBI will continue to monitor the emerging situation and deploy all instruments at its command," said Das at an unscheduled briefing where he listed measures the central bank will take to support the economy during a second wave of infections. “On-tap liquidity of Rs 50,000 crore at repo rate is being opened till March 31, 2022. Under the sche...

#COVID patients can get bank loans for treatment after RBI’s fresh stimulus measures India has mounted a valiant defence to ramp up vaccines and medical support; shoring up livelihoods and restoring normalcy in access to workplaces, education and incomes becomes an imperative: @RBI Governor @DDNewslive @airnewsalerts @COVIDNewsByMIB Devastating speed of virus has to be matched by swift, wide-ranging, sequenced and well-timed actions which reach out to various sections, including the most vulnerable: #RBI Governor @FinMinIndia @PIB_India @COVIDNewsByMIB “My faith is brightest in the midst ...