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Dairy debt less of a concern to Reserve Bank as loans repaid with cream payouts


Dairy debt less of a concern to Reserve Bank as loans repaid with cream payouts
5 May, 2021 12:30 AM
4 minutes to read
Worrying national dairy sector debt level coming down. Photo / File
Reserve Bank concerns about dairy farming debt appear to have eased as milk prices remain robust and farmers pay down debt, but an industry stress test paints a grim picture if prices slide for an
extended time.
The Reserve Bank s latest financial stability report said while dairying s share of agriculture sector lending by banks remains considerable , it had declined from 69 per cent to 63 per cent in recent years.
With banks encouraging farmers to use current strong milk prices and low interest rates to pay down existing debt, and a falling number of farmers identified by banks as financially stressed, the dairy sector was building resilience, said the report. ....

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Welcome To IANS Live - BUSINESS - RBI Relief: Liquidity support unleashed to suppress Covid turbulence (Ld)


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Mumbai, May 5 (IANS) India s Reserve Bank has initiated several liquidity boosting measures to combat economic turbulence unleashed by the resurgence of Covid-19.
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Update: 05-May-2021 ....

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