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#RBI cut by 40bps each of these👇
#Repo rate to 4%
#ReverseRepo to 3.35%
#BankRate to 4.25%
Decision was reached after 5:1 vote,with #ChetanGhate,lone voice calling for 25 bps cut
#MPC meet was held ahead of schedule from 3rd-5th,June
#EMI #moratoroum extended by 3 more months
#Repo rate to 4%
#ReverseRepo to 3.35%
#BankRate to 4.25%
Decision was reached after 5:1 vote,with #ChetanGhate,lone voice calling for 25 bps cut
#MPC meet was held ahead of schedule from 3rd-5th,June
#EMI #moratoroum extended by 3 more months
Moratorium extension till 31st August 2020,is both timely &reflective of @narendramodi govt's alacrity--Big relief to #MiddleClass
Measure to convert #moratorium interest payment into #TermLoan payable in FY21,is helpful
This will reduce #NPAs &stress on banks' balance sheets
Measure to convert #moratorium interest payment into #TermLoan payable in FY21,is helpful
This will reduce #NPAs &stress on banks' balance sheets
#RBI's cut in #Repo will reduce cost of funds&extension of #moratorium will be supportive of financial stability;#Rates across #YieldCurve will move lower from current levels
Fall in #ReverseRepo rate will disincentivise banks from #hoarding #liquidity&coax them to lend
#Covid
Fall in #ReverseRepo rate will disincentivise banks from #hoarding #liquidity&coax them to lend
#Covid
