RBI pushes growth, focusses on liquidity management
At its first monetary policy review for 2021, the central bank kept key rates unchanged, while announcing several measures to manage liquidity.
At its first monetary policy review for 2021, the central bank kept key rates unchanged, while announcing several measures to manage liquidity.
Monetary policy committee keeps rates unchanged; central bank announces new measures to mitigate pandemic woes, as it sees 9.5% contraction in real GDP for FY21.
Repo rate slashed by 75 bps, governor says will do whatever it takes to mitigate Covid-19 impact; growth outlook for FY21 unclear.
A report by CRISIL says an uptick in credit demand in FY19-FY20 will require banks to raise funds through fresh deposits.