RBI Governor Speech LIVE Updates: Shaktikanta Das announces term liquidity facility of Rs 50,000cr for...

RBI Governor Speech LIVE Updates: Shaktikanta Das announces term liquidity facility of Rs 50,000cr for...

Compared to the first wave of the Covid-19, the financial services industry is better prepared this time. Most banks have steadily increased the amount of provisions to counter the Covid shock and have ramped up their digital capabilities to reach out to the customers as physical contact is risky. Banks have also addressed the stress on the mid/large corporate book, at least a significant part of it, either by pushing them to NCLT or using the one –time restructuring facility announced by the RBI Last year. But, Covid second wave impact is unpredictable.
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