Rohit Singh

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NBFCs hail RBI's additional liquidity support move to tide through coronavirus crisis

Non-bank financial players have welcomed the Reserve Bank of India's decision to provide Rs 50,000 crore of additional liquidity support to the sector by conducting targeted long term repo operations (TLTRO 2.0). Shadow banking players also hope to get more liquidity support from banks after the RBI reduced the reverse repo rate by 25 basis points to 3.75 per cent from 4 per cent. The RBI on Friday said it will conduct (TLTRO 2.0) for an aggregate amount of Rs 50,000 crore, to begin with, in tranches of appropriate sizes.

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Industry hails RBI move

‘Steps will boost liquidity, benefit NBFCs and MSMEs’

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Non-bank financial players have welcomed the Reserve Bank of India's decision to provide Rs 50,000 crore of additional liquidity support to the sector by conducting targeted long term repo operations (TLTRO 2.0). Shadow banking players also hope to

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Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia Download Telegram App before Joining the Channel Below is the Views Quote on RBI announcement today by Mr. Anirban Chakraborty, Managing Director & CEO, Tourism Finance Corporation of India Ltd.(TFCI) “We welcome RBI’s stance to support the economy amidst these trying and uncertain times of the deadly Covid 19 pandemic. The announcement brings much needed immediate relief to the borrowers across sectors. We further expect additional special relief packages to be provided to the sectors worst affected such as aviation, tourism to name a

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RBI liquidity shot to give breathing space to borrowers, lenders, say NBFCs

New Delhi, Mar 27 (PTI) Non-banking financial companies (NBFCs) on Friday said the RBI's mega liquidity support will give a breathing space to many players and hoped that additional steps could be made for the sector badly hit like tourism and aviation due to coronavirus outbreak.

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RBI announces repo rate cut, liquidity easing measures; economy requires stimuli, say analysts welcoming move - Business News , Firstpost

Reserve Bank of India (RBI) Governor Shaktikanta Das's announcement of rate cuts, forbearance on loans and liquidity easing measures were welcomed by analysts who said the economy requires stimuli in the present circumstances

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RBI liquidity shot to give breathing space to borrowers, lenders, say NBFCs

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Virus-hit corporates welcome RBI moves

The moves will be a big relief to the realty sector, which has been struggling with high levels of unsold inventory.The measures announced by Shaktikanta Das included a three-month moratorium on instalment payments on all term loans and interest on working capital loans

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Non-banking financial companies (NBFCs) on Friday said the RBI's mega liquidity support will give a breathing space to many players and hoped that additional steps couldbe made for the sector badly hit like tourism and aviation due to coronavirus

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The tourism and hospitality sectors, which depend on free movement of people, were the first to be affected by the travel restrictions, first on international and then domestic travel, followed by a lockdown across the country in late March.

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