Finance Minister Nirmala Sitharaman had announced Rs 90,000 crore liquidity infusion into cash-strapped discoms facing demand slump due to the COVID-19 crisis. New Delhi : Loans worth nearly Rs 1.25 lakh crore have been sanctioned so far by state-owned non-banking finance firms Power Finance Corporation and REC Ltd under the liquidity package for stressed power […]
RBI cuts Reverse Repo Rate by 25 bps to 3.75% to Address the Liquidity Stress During COVID-19 Lockdown
“During our darkest moment, we must focus on the light,” the RBI Governor said. The Reserve Bank of India (RBI) on Friday freed up more capital for banks to lend, announced a fresh Rs 50,000 crore targeted long-term repo operation (LTRO 2.0) to address the liquidity stress of shadow banks and microfinance institutions and hinted […]