RBI Governor Press Highlights

by | Mar 27, 2020 | Bank Update

  1. Repo rate reduced by 75 basis points to 4.4%
  2. Rev repo reduced by 90 basis points to 4%
  3. GDP growth for Q4 19-20 and FY 20-21 to be affected
  4. Aggregate demand may weaken
  5. Future outlook uncertain and negative
  6. CRR reduced by 100 basis points to 3% for 1 year to release 1.37 lakh crores
  7. Min daily CRR balance reduced from 90% – 80% till 30/06/2020
  8. 3.74 lakh crore liquidity injected
  9. 3 month moratorium on payment of instalments of Term Loan outstanding as on 01.03.2020
  10. Interest on WC facilities to be deferred by 3 months
  11. Such deferment not to be considered for NPA
  12. Revised DP calculations by reassessing WC cycle
  13. All measures not to effect credit history
  14. Total liquidity injection 3.4% of GDP