Page 10 - Resolution Framework News Today : Breaking News, Live Updates & Top Stories | Vimarsana

RBI's liquidity, growth supporting measures crucial for recovery from 2nd COVID wave: Experts SECTIONS Last Updated: Jun 04, 2021, 05:27 PM IST Share Synopsis Financial intelligence company Moody's Analytics said with COVID-induced restrictions likely to be eased only gradually, the sharp slowdown in domestic demand is set to weaken revival beyond the June quarter. RBI in its monetary policy on Friday kept interest rates unchanged at record lows and committed to maintaining an accommodative policy stance to support growth. The measures announced by RBI to maintain liquidity and support econom...

Read more about Look forward to repo rate cut by RBI in future, says India Inc on Business Standard. RBI decided to leave the benchmark interest rate unchanged at 4 per cent

URL copied RBI decided to leave the benchmark interest rate unchanged at 4 per cent India Inc on Friday said it is looking forward to repo rate cut in future as cost of funds has to come down in coming times, but expect continuation of accommodative policy stance by Reserve Bank of India (RBI). RBI decided to leave the benchmark interest rate unchanged at 4 per cent, but maintained an accommodative stance as the economy faces the brunt of the second COVID wave. Sanjay Aggarwal, President, PHD Chamber of Commerce and Industry said that the RBI has maintained an accommodative stance a...

RBI gives Rs 15,000 crore liquidity window for some sectors ANI 04 Jun 2021, 16:18 GMT+10 Mumbai (Maharashtra) [India], June 4 (ANI): The Reserve Bank of India (RBI) on Friday opened a separate liquidity window of Rs 15,000 crore till March 31 next year to mitigate the adverse impact of Covid-19's second wave on certain contact-intensive sectors. The facility will have tenors of up to three years at repo rate (4 per cent), said RBI Governor Shaktikanta Das. Under the scheme, banks can provide fresh lending support to hotels and restaurants; tourism -- travel agents, tour operators and adventu...

The special window announced on Friday, encourages banks to provide fresh lending support to hotels, restaurants, travel operators, aviation ancillary services, and others including private bus operators, salons, car repair services, rent-a-car service providers and event organizers.