Read more about RBI creates liquidity window of Rs 15,000 crore to help hotels, tourism on Business Standard. Relief meant for contact-intensive sectors that have been pulled down due to coronavirus
The MPC decisions were in line with expectations. An ET poll showed that there would be a status quo on rates and stance and a possibility of reduction in growth projections.
Analysis of historical data indicates that the last $100 billion has taken exactly a year to plie-up and the fastest to accumulate in the central bank s history.
NACH facilitates one-to-many credit transfers such as payment of dividend, interest, salary and pension. It also facilitates collection of payments pertaining to electricity, gas, telephone, water, periodic instalments towards loans, investments in mutual funds and insurance premium.