Key Announcements in RBI Monetary Policy – 6th Aug 2020

Key Announcements in RBI Monetary Policy

  1. No change in the rate of interest
  2. MSMEs stressed accounts restructuring if they are standard as on 1st March 2020 and restructuring to be completed by 31st March 2021.
  3. Loan to value ratio for gold loans increased from 75% 90% till 31st March 2021
  4. Lending to startups given Priority lending status
  5. National Housing Bank provided with an additional fund of Rs 5k Crores to shield the housing sector from liquidity disruptions
  6. NABARD to be provided with additional funds of Rs 5K cores to reduce the stress being faced by smaller non-bank finance companies (NBFCs) and micro-finance institutions in obtaining access to liquidity.

Click here for the full speech of the RBI Governor

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