RBI announced slew of fiscal measures.
Reverse Repo cut rate to 3.75%
50LCr to help Small and Mid cap MSME.
Ease to cash flow is key to growth. RBI to announce new measures to maintain adequate liquidity in system, facilitate bank credit flow, ease financial stress. Rs 50,000 cr special finance facility to be provided to financial institutions such as Nabard, Sidbi, NHB:
Contraction in exports in March at 34.6% much more severe than global financial crisis of 2008-09, surplus liquidity in banking system has increased substantially as result of central bank actions: RBI Governor
RBI GOV BRIEFING
Banks not to make any further dividend payout in view of financial difficulties arising from Covid-19: RBI Governor.
Finally those interested in prise rise.
CPI inflation declined in March;
Inflation is on a declining trajectory, says RBI Governor Shaktikanta Das
Injected 3.2% of GDP in growth
Economic situation detroited
Mfg index low in 4 months
IMF projection sharp decline
7.4 growth 2021-22
Bank risen to occasion
ATM operating 91%
150 RBI workers with covid
25 to 30 % fall in demand
21.3% Growth in Tractors reflects rural economy to give boost to India’s growth tale this year looks glamour.
RBI will monitor evolving situation continuously, use all its tool to deal with pandemic fallout, says RBI Governor Shaktikanta Das
Experts from CNBC, SurabhiUpadhyay·
What a move by #RBI – increases scope of loan standstill & moratorium but tells banks to provide more for possible losses ahead. Banks told to maintain additional provisioning of 10% on standstill accounts #NiftyBank