Latest Updates from RBI

**RBI Announces New Measures Amid Covid Second Wave**

On-tap liquidity of Rs 50,000 crore at repo rate is being opened till March 31, 2022. Under the scheme banks can support entities including vaccine manufacturers, medical facilities, hospitals and also patients.

Such lending will get priority sector classification till repayment or maturity.

**RBI Advances Next G-SAP auction**

Second purchase of government securities for Rs 35,000 crore under G-SAP 1.0 will be conducted on May 20, RBI Governor Das said.

**RBI Re-Opens One-Time Restructuring**

For Individuals, MSMEsBorrowers, including individuals and MSMEs, permitted one-time restructuring till September 30, 2021. 

These borrowers should have been standard as on March 31, 2021.

Under restructuring 1.0, the period of moratorium can be extended upto a total of 2 years.

**RBI Announces New Measures Amid Covid Second Wave**

On-tap liquidity of Rs 50,000 crore at repo rate is being opened till March 31, 2022. 

Under the scheme banks can support entities including vaccine manufacturers, medical facilities, hospitals and also patients.Such lending will get priority sector classification till repayment or maturity.

Banks to create a Covid loan book under the scheme.

Such banks can park liquidity equal to Covid loan book at 40 basis points above the reverse repo rate.

The RBI has announced a targeted long term repo operation for small finance banks of upto Rs 10,000 crore. 

The funds can be used for lending of upto Rs 10 lakh per borrower.

SFBs permitted to on-lend to smaller microfinance institutions of asset size upto Rs 500 crore.