RBI Announces Measures To Mitigate Impact Of Covid 2.0: Motilal Oswal
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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:
- 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.
- Utilisation of floating provision buffer by banks towards loan loss provisions.
- On-tap special liquidity window of Rs 500 billion to enable banks to build a ‘Covid-19 loan book’.
- Liquidity facility of Rs 100 billion to small finance banks for fresh lending up to Rs 1 million per borrower.
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