RBI Announcement 22 May 2020 PDF

RBI Announcement 22 May 2020 PDF Download using the direct download link

38 People Like This
REPORT THIS PDF ⚐

RBI Announcement 22 May 2020 PDF Download in for free using the direct download link given at the bottom of this article.

RBI Announcement 22 May 2020

On the basis of an assessment of the current and evolving macroeconomic the situation, the Monetary Policy Committee (MPC) at its meeting today (May 22, 2020) decided to:

  • Reduce the policy repo rate under the liquidity adjustment facility (LAF) by 40 bps to 4.0 percent from 4.40 percent with immediate effect.
  • Accordingly, the marginal standing facility (MSF) rate, and the Bank Rate
    stand reduced to 4.25 percent from 4.65 percent, and
  • The reverses repo rate under the LAF stands reduced to 3.35 percent from
    3.75 percent.
  • In view of the extension of the lockdown and continuing disruptions on
    account of COVID-19, it has been decided to permit lending institutions to extend the moratorium on term loan instalments by another three months, i.e., from June 1, 2020, to August 31, 2020. Accordingly, the repayment schedule and all subsequent due dates, as also the tenor for such loans, maybe shifted across the board by another three months.
  • In respect of working capital facilities sanctioned in the form of cash
    credit/overdraft, lending institutions are being permitted to allow a deferment of another three months, from June 1, 2020, to August 31, 2020.

You can download the RBI Announcement 22 May 2020 in PDF format online from the official website link provided below or download from the alternative link.

RBI Announcement 22 May 2020 PDF Download Link

REPORT THISIf the download link of RBI Announcement 22 May 2020 PDF is not working or you feel any other problem with it, please REPORT IT by selecting the appropriate action such as copyright material / promotion content / link is broken etc. If RBI Announcement 22 May 2020 is a copyright material we will not be providing its PDF or any source for downloading at any cost.

RELATED PDF FILES

Leave a Reply

Your email address will not be published. Required fields are marked *