rbi

COVID-19: RBI announces second relief package to address NBFCs’ woes

Aside from cutting the opposite repo rate by 25 premise focuses (bps) from 4% to 3.75%, the RBI intends to inject Rs 50,000 crores into the framework, so as to help banks, lodging fund organizations (HFCs) and non-banking money organizations (NBFCs), under another round of focused long haul repo activities. With monetary movement arriving at

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