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- Repo rate cut by 40 basis points
- Reverse Repo gets adjusted to 3.35 percent.
- Loan moratorium extended for 3 months
- Headline inflation could stay firm in first half of 2020, but soften thereafter. If inflation trajectory evolves as expected, space will open up for more rate cuts.
- India GDP growth in 2020-21 is estimated to remain in negative territory.
- Regulatory measures to support exports, imports, states.
- Term loan moratorium extension for another three months till August 31.
- Accumulated interest for moratorium period can be converted into a term loan. It does not have to be repaid immediately after moratorium ends
- Group exposure limit for lenders increased to 30 percent from 25 percent
- Note : 1 bps is one hundredth of a percentage point.
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