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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).

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.

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.

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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