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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.

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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.