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RBI Governor Speech Live Updates: Rs 50,000cr term liquidity facility for healthcare, SLTRO for Small Finance Banks, second purchase of G-SEC for Rs 35,000cr

CNBCTV 18 |
Kiran Chonkar , Partner
Resolution Advisory
|

05 May 2021

RBI Governor Shaktikanta Das Live Updates: The Reserve Bank of India (RBI) Governor Shaktikanta Das announced a slew of measures and schemes such as second round of loan restructuring and other relief measures.

The initiatives announced by the RBI to protect the interest of small borrowers and MSMEs impacted by the pandemic are judicious and shall benefit and assist the business segment to tide over the current uncertainties and help them emerge stronger in the medium to long run. The steps announced by the RBI Governor towards restructuring of loans of small borrowers and MSMEs are timely and prudent. However, the pandemic has affected the industry across segments. A roll-out of broader relief measures applicable to mid-corporate & large borrowers and towards sectors heavily impacted by the pandemic such as hospitality would have been welcome.

Source :- www.cnbctv18.com/finance/rbi-governor-shaktikanta-das-conference-live-news-updates-rbi-governor-shaktikanta-das-live-updates-rbi-governor-to-address-media-at-10-am-9196941.htm