RBI announces liquidity support measures to battle Covid-19 wave

The Reserve Bank of India (RBI) introduced on-tap liquidity of ₹50,000 crore at repo rate under which banks can support healthcare stakeholders like vaccine makers, hospitals as well as patients till March 31, 2022. Banks are being incentivised to sanction these loans under priority sector classifications, said RBI Governor Shaktikanta Das laid while outlining contours of calibrated measures to counter the pandemic. Banks are expected to create a Covid loan book under the scheme. Besides, a targeted long-term repo operation up to ₹10,000 crore will be started for small finance banks. Watch the full video for more.