Besides the governor, the RBI communication sent to all public sector banks said, deputy governors, executive directors from its Department of Regulation as well as Supervision will be attending the meeting.
The RBI will ramp up COVID-related healthcare infrastructure by opening an on-tap liquidity window of Rs 50,000 crore with up to three-year tenor at repo rate till March 31, 2022
RBI comes to the rescue yet again! But, don t forget the risks
The measures announced by the Reserve Bank Governor Shaktikanta Das are timely and directed at certain segments
Anand Adhikari | May 5, 2021 | Updated 12:49 IST
RBI Governor Shaktikanta Das
The RBI has announced a series of measures to protect small borrowers and MSMEs amid the second Covid-19 wave in the country. The measures are timely and directed at certain segments. But more checks and balances are needed as risks increase for the financial system.
Ensuring flow of money to mid-sized hospitals, labs, other healthcare units
The RBI has to ensure that term liquidity facility of Rs 50,000 crore provided to banks flow at 4 percent rate to smaller hospitals, pathology labs, ventilator suppliers and others in healthcare sector.