RBI announces additional measures to tackle 2nd Covid wave. Details here

The Reserve Bank of India has announced some additional liquidity measures to help businesses that have been hit hard during the second wave of the Covid-19 pandemic. The central bank has also expanded the Resolution Framework 2.0. Here is all you need to know.

The Reserve Bank of India (RBI) on Friday announced additional liquidity and regulatory policy measures to help citizens and businesses affected during the second Covid-19 wave. During his monetary policy review address, RBI Governor Shaktikanta Das said, “Against this backdrop and based on our continuing assessment of the macroeconomic situation and financial market conditions, certain additional measures are being announced.” Read | RBI maintains status quo, cuts FY22 growth forecast to 9.5%