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Prime minister Narendra Modi says RBI measures will enhance liquidity, credit supply
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  • Prime minister Narendra Modi says RBI measures will enhance liquidity, credit supply

Prime minister Narendra Modi says RBI measures will enhance liquidity, credit supply

Press Trust of India • April 17, 2020, 15:55:15 IST
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Prime Minister Narendra Modi on Friday said the announcements made by the Reserve Bank of India will greatly enhance liquidity and improve credit supply

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Prime minister Narendra Modi says RBI measures will enhance liquidity, credit supply

New Delhi: Prime Minister Narendra Modi on Friday said the announcements made by the Reserve Bank of India will greatly enhance liquidity and improve credit supply. “These steps would help our small businesses, MSMEs, farmers and the poor. It will also help all states by increasing WMA limits,” he said on Twitter.

Today’s announcements by @RBI will greatly enhance liquidity and improve credit supply. These steps would help our small businesses, MSMEs, farmers and the poor. It will also help all states by increasing WMA limits.

— Narendra Modi (@narendramodi) April 17, 2020

RBI Governor Shaktikanta Das has announced new measures to maintain adequate liquidity in system, facilitate bank credit flow and ease financial stress. The Bank cut the reverse repo rate and announced a slew of measures including re-finance window of Rs 50,000 crore and targeted long term repo auction of similar amount to deal with the impact of the COVID-19 pandemic.

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Economy RBI Reserve Bank of India Narendra Modi NewsTracker Slowdown farmers poor shutdown MSMEs lockdown Small Businesses coronavirus RBI governor Shaktikanta Das Coronavirus outbreak Coronavirus Pandemic COVID 19
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