The Reserve Bank of India has announced Rs50000 crore aid to the small scale industries and another Rs25000 crore to NABARD. The FBI has been monitoring the Coronavirus from time to time.
It has opined that the Paddy cultivation has considerably improved in the state of Telangana.The Bank is hopeful that the financial condition in the country will considerably improve from time to time.
The RBI chief Das also announced the central bank’s decision to ease the liquidity coverage ratio (LCR), which determines the proportion of highly liquid assets held by financial institutions.
He said the LCR stands reduced to 80 per cent from 100 per cent, and will be restored in phases by April 2021.
Loans given by shadow banks – or non-banking financial companies (NBFCs) – to real estate companies will also get the same benefits offered by scheduled commercial banks under a three-month moratorium announced by the RBI earlier. “The ways and means limit of the states have been raised to help them, not to bunch up their borrowing plans,” Mr Das said.
