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India central bank steps up loan relief


India central bank steps up loan relief
ECONOMIC SUPPORT:
New measures include loan restructuring for small businesses, boosting credit for healthcare services, fresh loans to vaccine makers and bond buying
Bloomberg
The Reserve Bank of India (RBI) yesterday announced new loan relief measures for small businesses and pledged to inject 500 billion rupees (US$6.8 billion) of liquidity to support the economy against a second deadly COVID-19 wave.
Some businesses would be eligible for loan restructuring to give them more time to repay debt and keep them going through the COVID-19 pandemic, RBI Governor Shaktikanta Das said in an unscheduled address.
He also announced steps to boost credit for healthcare services, provide fresh lending to vaccine makers and a bond-buying program. ....

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