As per Governor Shaktikanta Das‘s ordeal, the Reserve Bank of India (RBI) holds enough power to withstand the economic impact of the coronavirus pandemic. In addition to this, the Monetary Policy Committee (MPC) of India rolled out a few measures that are relieving the banks and their customers until the virus outbreak subsides.
By providing liquidity to the banks, RBI is ensuring that they have enough time to cope with their losses. They can also prepare themselves to lend heavily once the lockdown is over on 14th April. So what are the new measures imposed by the RBI? Read further to understand.
We are yet to witness what other initiatives will be taken by the RBI in the days to come.
Source: Business Today