Corporates may end up paying four months interest on their loans together.
Planning for the revival of the economy
It would help the exporters to realise their receipts from nations adversely affected by the virus and also negotiate future export deals
However, most are extending it to their existing customers only
Managing liability outflows will be a tightrope walk for NBFCs in the near term
To minimise economic damage during the lockdown, focus on cash flows, promise of growth
RBI action has averted duration risk, but defaults could mar debt fund returns
The relaxation is being given for three months, in line with the RBI's moratorium
All other terms and conditions as applicable to liquidity adjustment facility reverse repo and MSF operations will remain the same
Once the lockdown is lifted, we will need the mother of all fiscal and monetary policy support to sustain the economy
The government on March 4 notified the amalgamation scheme as part of its consolidation plan to create bigger and stronger banks in the public sector
The RBI announcement came as a relief to the borrowers and affirmed commitment to provide a comprehensive picture of each person so they can be reliably and safely represented in the marketplace.
The market is not factoring in a lockdown beyond 21 days as of now, says S Naren
The BRLLR linked to RBI Repo Rate is revised downwards in line with the reduction on Reserve Bank of India Repo Rate from 5.15 per cent to 4.40 per cent
In terms of macro data, PMI data for the manufacturing sector is scheduled to be released on Thursday
The S&P BSE Sensex slipped 1,310 points from the day's high to close marginally negative on Friday post the RBI's measures
No one cares about fiscal deficit now. Or for that matter, inflation. The focus is on growth and growth alone
Read what extrapolated policy prescriptions are predicated on. Uddalok Bhattacharya sums up
RBI's steps will help in smooth functioning of financial markets
Policy interventions will have to be intelligent: Striving to create deep, but temporary, safety nets during COVID-19 without generating imbalances and distortions thereafter