Thread by @TheWealthVed

Finally, after so much wait, @RBI Governer comes out to provide much needed relief to economy - key announcements thread:

#RBI #economy #rbigovernor

1. Yes, even after all the projections of economic growth slip, India might still stay at the top of global economic growth chart (As per IMF).

#IMF #GDP

2. NBFCs, this time RBI has looked out for you.

TLTRO 2.0 - targeted long term repo operations of INR 50k crore ease the liqudiity issues, specifically for NBFCs.

#NBFC

3. SMEs and MSMEs, there is something for you as well.

A special refinance facility of INR 50k crore for NABARD, SIDBI and NHB - the money should go to all.

#SME #MSME #NABARD #SIDBI #NHB

4. NPA recognition moves to 180 day period for now (basically, the 90-day Moratorium period to be excluded)

#NPA #moratorium

5. Banks are not supposed to provide any dividend in their upcoming quarterly results till Sep, 2020.

#Bank #DividendInvesting

6. Some push for banks to lend - a 25bps rate cut in reverse repo rate.

#repo #lending

and in the last one - RBI Gov commits to do everything that requires for growth and economic stability.

Thanks @RBI - Please be a bit proactive in increasing the amount of TLTRO, funds to financial institutions and NBFCs.

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