PM says RBI measures will enhance liquidity

PTI, Apr 17, 2020, 2:50 PM IST

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.

RBI Governor Shaktikanta Das has announced new measures to maintain adequate liquidity in the 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 a similar amount to deal with the impact of the COVID-19 pandemic.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

India Nets: Shami works on lengths with Morkel, Pant recovers after freak hit by Hardik shot

To ban or not to ban? Countries debate regulations on smartphone usage in schools

PM didn’t tell his good friend about country’s outrage over handcuffing Indian deportees: Congress

Maha Kumbh: Akhilesh seeks compensation to kin of devotees killed in accidents

K’taka irrigation issues: CM urges Deve Gowda to come forward to protect state’s interest

Two held in Rs 850 crore ponzi scheme case: Cyberabad Police

Delhi stampede: Opposition blames govt for ‘gross mismanagement’, demands Vaishnaw’s resignation

Related Articles More

Reliance Consumer Products Limited Acquires Velvette

Gold zooms past record Rs 89k-mark, silver rallies Rs 2,000 to 4-month high

Wholesale price inflation eases to 2.31pc in Jan

Karnataka signs MoUs worth Rs 2,220 cr on day two of GIM 2025

Celebrating Valentine’s Day: Airlines come up with rate discount, special menu

MUST WATCH

25 years old chat shop in Katapadi

Ashok Kumar Rai

Brahma Baidarkala Nemaotsava

Tea & Tales: A 10,000-Book Library Inside a Tea Shop!

Sri Goshala Bangalore

Latest Additions

India Nets: Shami works on lengths with Morkel, Pant recovers after freak hit by Hardik shot

To ban or not to ban? Countries debate regulations on smartphone usage in schools

PM didn’t tell his good friend about country’s outrage over handcuffing Indian deportees: Congress

Maha Kumbh: Akhilesh seeks compensation to kin of devotees killed in accidents

“Namma Sante” buzz: From coconut shell art to pure honey delights!

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.