9911796707
TMI Blog20 Key Highlights of RBI Press Conference dated 17.04.2020X X X X Extracts X X X X X X X X Extracts X X X X ..... 20 Key Highlights of RBI Press Conference dated 17.04.2020 X X X X Extracts X X X X X X X X Extracts X X X X ..... a sharp turnaround in FY22 with 7.4% growth, as per IMF 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 ₹ 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. Focu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sed 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 e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xclude 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 no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t make any dividend payments until further orders. 15. ₹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 ope ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rations 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
https://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=3853
and https://rbidocs.rbi.org.in/rdocs/Content/PDFs/GOVERNORSTATEMENTF22E618703AE48A4B2F6EC4A8003F88D.PDF X X X X Extracts X X X X X X X X Extracts X X X X ..... by authors, experts, professionals ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
