NEW DELHI:
Reserve Bank of India
(RBI)
governor Shaktikanta Das
on Friday addressed the media as the government extended the nationwide lockdown to curb the spread of the deadly coronavirus. This is the third briefing by the
RBI governor
in context of coronavirus related measures in the last two months.
Here are the key points from RBI governor’s address:
RBI extends moratorium on term loans for a further period of 3 months till August 31.
In view of the extension of the lockdown and continuing disruption on account of COVID-19, three-month moratorium allowed on term loans and working capitals are being further extended by another 3 months from June 1 to August 31.
RBI reduces repo rate by 40 basis points from 4.4% to 4%, reverse repo