File Copyright Online - File mutual Divorce in Delhi - Online Legal Advice - Lawyers in India

Key Highlights of RBI Press Conference dated 17.04.2020

Key Highlights of RBI Press Conference dated 17.04.2020

RBI governor vide Press Conference dated 17.04.2020 thanked Corona Warriors, forefront of the battle against COVID-19 and discussed about various relaxation due to COVID19:
  1. India expected to post a sharp turnaround in FY22 with 7.4% growth, as per IMF
  2. Launch of TLTRO 2.0 worth Rs 50,000 crore.
  3. Announced a rate cut of 75 basis points.
  4. Reverse repo rate is being reduced by 25 bps from 4% to 3.75% under Liquidity adjustment facility (LAF)
  5. The TLTRO option of Rs 25000 crore is to be conducted today (April 17).
  6. financial conditions have eased considerably and activity in corporate bond market has picked up.
  7. Focused on following measures announced by RBI:
    ·Maintain liquidity in the system
    ·Facilitate and incentivise bank credit flows
    ·Ease financial stress
    ·Enable formal working of markets
  8. Injected 3.2 percent of GDP into the economy by RBI to tackle liquidity situation.
  9. India expected to post a sharp turnaround in FY22 with 7.4 percent growth as per IMF.
  10. NPA classification will exclude 90-day moratorium period
  11. LCR requirement of scheduled commercial banks being brought down from 100 percent to 80 percent with immediate effect and This shall be restores to 90 percent by October 2020 and 100 percent by April 2021.
  12. Period of resolution plan for NPAs to be extended by 90 days.
  13. Loans given by NBFCs to commercial real estate to get same relief.
  14. Banks shall not make any dividend payments until further orders.
  15. Rs 50,000 crore special finance facility to be provided to financial institutions such as Nabard, Sidbi, NHB.
  16. No change in repo rate which is decided by MPC.
  17. Redemption pressures faced by some mutual funds have moderated.
  18. Automobile production, sales declined sharply in March; electricity demand has fallen sharply.
  19. ATM operations stood at 91%, no downtime on internet and mobile banking.
  20. Additional regulatory measures being announced today, consistent with BASEL guidelines
  • Source: News / Press Conference

In No Event The Author Shall Be Liable For Any Direct, Indirect, Special Or Incidental Damage Resulting From Or Arising Out Of Or In Connection With The Use Of This Information.  

Law Article in India

Ask A Lawyers

You May Like

Legal Question & Answers

Lawyers in India - Search By City

Copyright Filing
Online Copyright Registration


How To File For Mutual Divorce In Delhi


How To File For Mutual Divorce In Delhi Mutual Consent Divorce is the Simplest Way to Obtain a D...

Increased Age For Girls Marriage


It is hoped that the Prohibition of Child Marriage (Amendment) Bill, 2021, which intends to inc...

Section 482 CrPc - Quashing Of FIR: Guid...


The Inherent power under Section 482 in The Code Of Criminal Procedure, 1973 (37th Chapter of t...

Facade of Social Media


One may very easily get absorbed in the lives of others as one scrolls through a Facebook news ...

Sexually Provocative Outfit Statement In...


Wednesday, Live Law reported that a Kerala court ruled that the Indian Penal Code Section 354, ...

UP Population Control Bill


Population control is a massive problem in our country therefore in view of this problem the Ut...

Lawyers Registration
Lawyers Membership - Get Clients Online

File caveat In Supreme Court Instantly