Good news for banks from RBI in view of Covid-19 pandemic - Check Reserve Bank circular details
In view of the ongoing economic woes created by Covid-19 pandemic, the Reserve Bank has decided to extend the enhanced borrowing facility provided to the banks to meet their liquidity shortages till September 30.
Under the MSF, banks can borrow overnight funds at their discretion by dipping into the Statutory Liquidity Ratio (SLR). Reuters photo