Highlights of RBI Governor's Announcement on 17.04.2020


1. Asset classification as on 01.03.2020 will remain intact till May 2020. Moratorium period shall be excluded from NPA determinations. 2. Kharif Crop Production have increased by 33% in comparison to Last Year, which is a great Achievement. 3. IMF has Projected a Growth rate of 7.4% in 2021-22. 4. Forex reserve of India is 476Bn $ as on 10th April. 5. Fresh Currency of 1.4 Lakh Cr has been issued to Banks from Mar to April 12 so that no ATM go Dry 6. Fresh TLTRO-2.0- For 50K Cr To begin With. Min 50% of flow should go to small NBFC and FII. 7. Refinance Facility will be given to - NABARD, SIDBI, NHB- These FI help NBFC. Rs. 25K Crore to NABARD, Rs. 15K Crore to SIDBI, Rs. 10K Crore to NHB. Rate of interest on such loan will be 4.4% 8. LAF- Liquidity Adjustment Facility- Reverse repo rate reduced by 0.25%. 9. 10% provision require on standstill account...account standard as on 01.03.2020 10. Insolvency Resolution which have not been resolved then on all such loan of NPA-20% Additional Provision has to be created 11. Distribution of Dividend- NBFC and Banks cannot announce any Further dividend for 31-03-2020 till further order. 12. LCR- Reduced from 100% to 80%. 13. NBFC Loan to Commercial Real Estate Projects- Delay of 1 Yrs extension allowed. And banks will be allowed to do the reschedule the loans accordingly.




Profsindia 2016 Registered

Powered by Shivansh ISPL

Unique Site Visitors

  • LinkedIn Social Icon
  • YouTube Social  Icon
  • Facebook Social Icon
  • Twitter Social Icon