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RBI s special credit window for hotels, saloons starts Monday
By IANS |
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Reserve Bank of India (RBI). (File Photo: IANS). Image Source: IANS News
Mumbai, June 4 : The on-tap liquidity window of contact-intensive sectors including travel and tourism, hotels, parlours and event organisers, announced by the Reserve Bank of India (RBI), will be operational from Monday.
The facility will be open till March 31, 2022, said an RBI statement.
In its statement on Developmental and Regulatory Policies on Friday, the central bank announced to open a separate liquidity window of Rs 15,000 crore with tenors of up to three years at the repo rate till March 31, 2022 for certain contact-intensive sectors.