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April 17, 2020
Zarin Daruwala, CEO, India, Standard Chartered Bank, said, “Within a month, the RBI has delivered a second booster shot to the economy. RBI’s decisive measures have sent out a clear pro-growth message. The easing up of liquidity coverage ratio (LCR) to 80% till September end and the NPA relief during the moratorium period, will improve appetite for credit delivery. The targeted long term repo operations (TLTRO) for the NBFC sector should also help address their liquidity pressures. Ample system liquidity along with the widening of the interest rate corridor to 65bps, should continue to aid monetary transmission.”
About Post Author
Editor Desk
Antara Tripathy M.Sc., B.Ed. by qualification and bring 15 years of media reporting experience.. Coverred many illustarted events like, G20, ICC,MCCI,British High Commission, Bangladesh etc.
She took over from the founder Editor of IBG NEWS Suman Munshi (15/Mar/2012- 09/Aug/2018 and October 2020 to 13 June 2023).
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