News Popular Posts

RBI defers EMI payments

RBI governor Shaktikanta Das on Friday announced a series of steps to boost liquidity in a stimulus worth 3.2% of GDP to counter the economic impact of the coronavirus outbreak.

*All lending institutions can allow three-month moratorium on EMI payments.
*Deferment on loan and interest repayments will not be classified as defaults and will not impact credit history of borrowers
Monetary Policy meet scheduled for March 31-April 3 was advanced to March 25-27.
* Monetary policy committee voted 4:2 majority to cut repo rate by 75 basis points.

Mehala Durckop

* Reverse repo rate cut more so that banks are incentivised to lend, RBI governor said.–

Related posts

Apparel Retailer Max Fashion Opens New Store In Goa

Perfect Sourcing Newsdesk

Textile industry free zone underway in Egypt

Perfect Sourcing Newsdesk

Clothing brand Levi Strauss records impressive growth in Q3 FY 2018

Leave a Comment