RBI issues statement on Developmental and Regulatory Policies to address COVID-19

Mar 30, 2020 | by Avantis RegTech Legal Research Team

Finance & Taxation Compliance

The Reserve Bank of India (RBI) on March 27, 2020, sets out Statement on Developmental and Regulatory Policies to address the stress in financial conditions caused by COVID-19.

These Statement consists of: 

(i) expanding liquidity in the system sizeably to ensure that financial markets and institutions are able to function normally in the face of COVID-related dislocations; 

(ii) reinforcing monetary transmission so that bank credit flows on easier terms are sustained to those who have been affected by the pandemic; 

(iii) easing financial stress caused by COVID-19 disruptions by relaxing repayment pressures and improving access to working capital; and 

(iv) improving the functioning of markets in view of the high volatility experienced with the onset and spread of the pandemic.

The policies are available at the RBI website.


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