Reserve bank of india
Even though the MPC of the Reserve Bank has not made any change in the repo rate, but many such announcements have been made, which can boost the country’s economy in the coming days. The Reserve Bank of India on Wednesday announced several measures to improve the flow of debt in real economy. In which no change has been made in the main repo rate. RBI Governor Sanjay Malhotra has made five major announcements to promote loans and reduce finance costs. Let us also tell you what announcements have been made by RBI to promote the loan…
RBI governor made these 5 big announcements
Loan for corporate acquisition: The finance that Indian companies are required to acquire, they meet banks. RBI has announced to create a strong structure for that loan. This structure will increase the opportunities to give loans and will promote expansion and consolidation.
Capital Market Loan: The RBI has announced the removal of the loan regulatory limit on listed date securities. Along with this, the limit of loan on shares has been said to increase from Rs 20 lakh to Rs 1 crore per person. While the IPO Financing Limit will be increased from Rs 10 lakh to Rs 25 lakh per person.
2016 structure will end: The RBI will abolish the structure launched in 2016 which discouraged banks from giving loans to borrowers with loans of more than Rs 10,000 crore.
Finance for Infra Projects: Current, high quality infra projects have been announced to reduce the risk of NBFC loan. This is a big step for NBFC. Due to which NBFC will not only get boosts, as well as the capital experience will increase. Because of which the economy will get boost.
Urban Cooperative Bank: License to the new urban cooperative banks (UCB), which has been stopped since 2004, can resume. The RBI will release a discussion letter showing reforms in the sector and increasing demand of stakeholders.
These announcements were also made
Other ongoing reforms include the implementation of Ex -Credit Los i.e. ECL Framework and Revised Basel III Norms from April 1, 2027, and to rationalize the main provisions related to External Commercial Boring under FEMA rules. It has also been announced to start a risk -based deposit insurance premium to encourage strong risk management. Governor Malhotra said that the purpose of these measures is to expand the loan, support the regions with priority and strengthen broader economic growth.