The RBI also announced a series of measures to address the stress in the financial conditions caused by the pandemic such as injecting sizeable liquidity in the financial system, ensuring credit flow, relaxation in repayment and debt servicing pressures and…
RBI Steps in Monetary Stimulus
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RBI Says all Banks Should Link Loans, Deposits to Repo Rate
The Reserve Bank of India (RBI) is considering asking banks to link loans to an external benchmark such as the repo rate to improve transmission of policy rates and foster economic growth. In December, RBI said that banks must set…