The RBI today announced a second tranche of liquidity boost for the economy with a 25 basis point reverse repo cut taking it to 3.75 per cent from 4 per cent earlier. The move has been taken to allow banks to lend more.
A TLTRO 2.0 of Rs 50,000 crore specifically targeted at NBFCs has been announced.
It also announced relaxation of asset classification norms. Those accounts that have availed the moratorium facility, the period of moratorium will be excluded from the 90-day NPA classification norms of the RBI. Read More…
