In a massive decision, the Reserve Bank of India has announced that banks are permitted to allow a 3-month moratorium on payment of instalments of all term loans outstanding on March 1, 2020.
Context
In a massive decision, the Reserve Bank of India has announced that banks are permitted to allow a 3-month moratorium on payment of instalments of all term loans outstanding on March 1, 2020.
About
Repo Rate:
Reverse repo rate:
Bank Rate:
Cash Reserve Ratio (CRR):
Key-highlights of the decision:
Massive Repo rate cut:
Monetary Policy Committee:
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Liquidity measures:
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