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This Article is From May 06, 2021

RBI Announces Measures To Mitigate Impact Of Covid 2.0: Motilal Oswal

RBI Announces Measures To Mitigate Impact Of Covid 2.0: Motilal Oswal
The Reserve Bank of India (RBI) logo is displayed on a wall inside the central bank’s regional headquarters in New Delhi, India (Photographer: T. Narayan/Bloomberg)
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BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

The Reserve Bank of India on May 05, 2021 announced various relief measures on account of the resurgence in Covid-19 cases and subsequent lockdown announced by various states.

Key measures are:

  1. Extension of loan restructuring for individuals, small businesses, and micro small and medium enterprises having an aggregate exposure up to Rs 250 million and were standard as on March 31, 2021.
  2. Utilisation of floating provision buffer by banks towards loan loss provisions.
  3. On-tap special liquidity window of Rs 500 billion to enable banks to build a ‘Covid-19 loan book'.
  4. Liquidity facility of Rs 100 billion to small finance banks for fresh lending up to Rs 1 million per borrower.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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