Click on Any Booklet to Download

COVID-19: Relaxation By RBI

COVID-19: Relaxation By RBI

RBI relaxation due to COVID-19

Reserve Bank will plan auctions of focused term repos of up to 3 years tenor of convenient sizes for a total amount of up to Rs. 1,00,000 crores at a drifting rate linked to the policy of repo rate.

RBI relaxation due to COVID-19

1. Repo rate has been reduced by 75 basic points to 4.4%

2. Reverse repo rate has been reduced by 90 basic points to 4%

3. CRR (Cash Reserve Ratio) reduced by 100 basis points to 3%.

4. There is a relaxation by RBI in Home loans for 3 months

5. Ban on Term Loans: The reimbursement schedule and all consecutive due dates, as likewise the tenor for such credits, might be moved across the board by 3 months

6. OMOs (Open Market Operations) are progressing, LTROs (Long Term Repo Operations) are finished.

7. Rs. 1,00,000 crore 3 month bill sell-off, first serving of Rs. 25,000 crore sell-off or auctions begins today.

8. Rs. 3,74,000 lakh crore into the system or framework.

9. Minimum day by day CRR (Cash Reserve Ratio) balance reduced to 80% from 90%- till 30/06/2020

10. Aggregate liquidity injection 3.4% of GDP

11. Suspension of Last Tranche of CCB (Capital Conservation Buffer): It has been chosen to additionally concede the usage of the last tranche of 0.625% of the CCB 31st March 2020 to 30th September 2020. Thus, the pre-determined prompt for loss intake via transformation /record of Additional Tier 1 instruments (PNCPS and PDI) will stay at 5.5% of Risk-Weighted Assets (RWAs) and will ascend to 6.125% of RWAs on 30th September 2020.

The NeuSource Startup Mind is the finest business startup consultant that offer various services of registration like NIDHI Company Registration, Proprietorship Firm Registration, Partnership Firm Registration, LLP Registration, Company registration, ARC Registration, GST Registration, Copyright Registration, ISO Registration, Trademark registration, Also gives Effective Marketing Ideas for Small Businesses
 

27 Mar

Shruti Sharma
Shruti

“An idea can change your life”: Well it’s true! I am glad that India is rising its way towards startup culture. It has literally pushed people to at least give it a try and not just live in a bubble. Being an entrepreneur you need a team and Neusource is there to help you and to raise your startup.

Search Blog

Facebook Widget