“The announcement made by the RBI today on opening a separate liquidity window of Rs. 15,000 crore till March 31, 2022 for severely impacted sectors including hotels and restaurants is a welcome move. However, given the inherent stress in the hospitality space and the fact that credit risk will continue to remain with the banks […]
Kolkata: The RBI has once again come out with proactive set of announcements to revive the economic growth amid surge in second wave of pandemic. The decision of keeping the repo rate unchanged along with maintenance of accommodative stance is on expected lines and necessary to mitigate the growth uncertainty and inflation concerns. Announcement of […]
“RBI continues to maintain an accommodative stance as it is crucial to mitigate the impact of COVID Pandemic. Focus on equitable distribution of liquidity is expected to solve the fund shortage crisis to an extent. Modifying the ECLGS scheme and clear instructions to banks & other financial institutions on sanctioning funds to labour intensive sectors […]
“RBI stands firm in its objective to accelerate growth while maintaining financial stability and the inflation target. RBI once again takes a finely balanced approach to ensure the revival of the economy in the most enduring way amidst mixed economic outlook and intensified fear of pandemic. Noticeable feature remains the extension of G-SAP operations in […]
“The opening of a special liquidity window of INR 15,000 crore till March 31, 2022, will act like a lifeline for affected hospitality and tourism sectors. It is appreciative of RBI to address the pandemic effects on multiple micro and small businesses like salons, car repair and rental services, who saw miniscule business. The measures […]
RBI’s monetary policy today was along expected lines with status quo on rates and continued accommodative stance. While the central bank acknowledged that the spread of Covid-19’s second wave into rural areas had brought forth downside risks and a slight reduction in GDP estimates for the year, the forecast of a normal monsoon bodes well […]
“RBI has maintained its accommodative stance as expected by the market. In comparison to restructuring 1.0, more borrowers are applying for Restructuring 2.0. RBI’s move to expand the coverage of borrowers under Resolution Framework 2.0 by enhancing the overall exposure from INR 25 crores to INR 50 crores is expected to help a larger number […]
“As expected, the MPC has decided to keep policy rates on hold, while stating its intention to continue injecting more liquidity in financial markets, including buying government debt. Monetary policy was already very accommodative, with the real repo rate in negative territory. Despite inflationary pressures it seemed unlikely that the central bank would tighten policy […]
“The RBI has adopted a wait and watch strategy by adopting status quo on policy rates and this is on expected lines. At the same time, it has reiterated that growth remains a priority while the need for policy action from all sides to support business sentiment revival, including fiscal measures is warranted . It […]
1. Mr Tarun Gupta, Founder, Ultimate Battle, India’s first-ever one-stop online esports platform: “We’re looking forward to the launch of Battlegrounds Mobile India which is expected to happen by the third week of this month. The pre-registration phase has marked great success with 20 million Indian gamers which will continue to grow. We can easily […]
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