RBI announces Steps to Fight Second Wave of Covid-19

On 5th May, 2021, the Reserve Bank of India(RBI) announced following series of measures to support the nation’s fight against the second wave of COVID-19 infections.

On-Tap Liquidity for Emergency Health Services

  • Term Liquidity Facility of Rs. 50,000 crore with tenure of up to 3 years, at repo rate, to ease access to emergency health services, for ramping up COVID-related health infrastructure & services.
  • Banks can give fresh lending support to variety of stakeholders under this facility.
  • This lending facility will be available up to March 31, 2022.

Special Long Term Repo Operations for Small Finance Banks

  • In order to provide further ....
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