“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 unlike with ECLGS, the actual benefit for the sector from the aforesaid liquidity window remains to be seen.”

-By Ms. Vinutaa S, Assistant Vice President and Sector Head, ICRA Limited on today’s RBI’s announcement for the hospitality sector