New Delhi, April 17, 2020: “The series of measures announced by the RBI Governor today include reduction of reverse repo rate by 25 basis points, auction of TLTROs to a tune of Rs 50,000 crores and refinancing to the AFIs to the tune of Rs 50,000 crores; these measures will boost liquidity and facilitate provision of funds for the MSMEs to meet their operational expenses and bring back their business to normalcy along with bringing the economy on a trajectory path. The RBI has also decided to infuse funds to the NBFCs and AFIs, which will provide a lifeline of MSMEs as loan for restoring operations and also enable them to spend money on cloud-based applications to manage their business more efficiently during this time.”
Corporate Comm India (CCI Newswire)
