RBI Action Update - May 2021 - ICICI Direct

The RBI has announced a slew of measures to provide relief and support to lenders and borrowers impacted by the pandemic. On-tap liquidity window of Rs. 50000 crore with tenors of up to three years is open till March 31, 2021 in order to ramp up Covid-19 related healthcare infrastructure. Such loans will be considered priority sector lending (PSL) for classification. Banks can create Covid loan book under the scheme and park surplus liquidity equal to size of such book with the RBI for a rate 40 bps higher than reverse repo rate.

For details, click on the link below: https://www.icicidirect.com/mailimages/IDirect_RBIAction_May21.pdf

Source : Equity Bulls

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