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Daily Archives: May 6, 2021

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Fresh lending support of ₹50000 Crore to Emergency Health Services

Loans and advancesBy Surendra NaikMay 6, 2021

RBI on Wednesday announced provision of immediate liquidity for ramping up COVID related healthcare infrastructure and services in the country, an on-tap liquidity window of ₹50,000 crore with tenors of up to three years at the repo rate is being opened till March 31, 2022. Wide range of entities including vaccine manufactures; importers/suppliers of vaccines…

RBI announces Resolution Framework 2.0 for COVID Related Stressed Assets

NPA managementBy Surendra NaikMay 6, 2021

RBI on Wednesday (5th May) announced Resolution Framework 2.0 targeting individual, small businesses and MSME borrowers. In terms of RBI’s Febraury 5th circular, Scheduled Commercial Banks were allowed to deduct the amount equivalent to credit disbursed to new MSME borrowers from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Reserve Ratio…

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