RBI announces Rs 50,000 crore priority lending by banks for hospitals, oxygen suppliers, vaccine importers, Covid drugs by March 31 next year

RBI announces Rs 50,000 crore priority lending by banks for hospitals, oxygen suppliers, vaccine importers, Covid drugs by March 31 next year

RBI announces Rs 50,000 crore priority lending by banks for hospitals, oxygen suppliers, vaccine importers, Covid drugs by March 31 next year

Mumbai : 

*RBI Governor says situation has reversed from being on foothills of strong economic recovery to facing a fresh crisis.

*RBI to continue to monitor situation from resurgence of Covid cases; deploy all resources: RBI Governor in unscheduled announcement.

*We have to marshal our resources for fighting the virus with vigour, says RBI Governor.

RBI announces Rs 50,000 crore priority lending by banks for hospitals, oxygen suppliers, vaccine importers, Covid drugs by March 31 next year

RBI announces Rs 50,000 crore priority lending by banks for hospitals, oxygen suppliers, vaccine importers, Covid drugs by March 31 next year

*RBI Governor says normal monsoon forecast should help contain food price inflation.

*RBI Guv announces Rs 50,000 crore priority lending by banks for hospitals, oxygen suppliers, vaccine importers, Covid drugs by March 31, 2022. 

*RBI provides 2nd window to individual, small borrowers having up to Rs 25 crore loans for restructuring loans if not availed earlier: Governor.

*RBI announces rationalisation of KYC compliance norms, provides for video-based KYC for certain categories: Governor Das. PTI