- Reduction in repo rate by 40 bps – from 4.4% to 4%.
- Term Loan Moratorium extended by another 3 months till 31st August, 2020.
- A facility of Rs. 15,000 crores of credit for 90 days for US dollar swap facility will be provided to EXIM Bank. This will have a rollover facility to up to one year.
- Another 90 days extension for the 90-day term loan facilities to SIDBI. This will provide additional liquidity support to the MSME sector.
- Maximum permissible period of pre and post shipment of credits increased from 1 year to 15 months.
- Lending institutions are being permitted to restore the margins for working capital to the origin level by March 31, 2021.
- Group exposure limit of banks will be increased from 25% to 30%.
- In order to manage importer's operative cycle, outward remittances against normal imports into India, reduced to 6 months from 12 months.
Voluntary retention route for FPIs
- Voluntary retention route for FPIs announced
- 75% utilisation of investment limits need to be met
Feel free to contact in case of any query or consultation.
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