Coronavirus Crisis - RBI Governor's Address Key Highlights

RBI Governor Shaktikanta Das addressed a press briefing today. This was his second briefing since the COVID-19 outbreak. In his previous address on March 27, Das announced several relief measures approved by its Monetary Policy Committee (MPC) to counter the economic slowdown.

Loans provided by NBFCs to commercial real estate to get some relief. This is to ease NBFCs and the real estate sector. New measures shall be announced as and when the need arises: Governor Shaktikanta Das

Banks not to make any further dividend payout in view of financial difficulties arising from COVID-19: RBI Governor

TLTRO-२ अधिसूचना आज जाहीर होणार

Period of resolution plan for NPAs to be extended by 90 days: Governor Shaktikanta Das

Banks to maintain higher provision at standstill, which can be adjusted later for actual slippages: Governor Shaktikanta Das

Cashflow of households and businesses stands affected: RBI Governor Shaktikanta Das

Automobile production and sale declined sharply in March. Services PMI declined into contraction in Mar'20 due to export business: RBI Governor Shaktikanta Das

Pre-monsoon Kharif sowing has been aggressive. Paddy is up by 37 per cent in April vs last year: Governor Shaktikanta Das

India is amongst the handful of countries to have positive GDP growth. India among a handful of counties with positive growth this year as per IMF: Governor Shaktikanta Das

Banks and financial institutions have risen to the occasion and provided services- their efforts are praiseworthy. Banks and financial institutions have risen to the occasion and ensured services continue: Governor Shaktikanta Das

India is estimated to have the highest growth among G20 countries as per IMF: Governor Shaktikanta Das

In this environment, RBI has been very proactive. Almost every second or third day, RBI has been coming out with announcements. Want to convey resolve of RBI and the way forward: Governor Shaktikanta Das

Humanity faces a trial of its time with COVID pandemic. Our Mission is to do whatever it takes: RBI Governor Shaktikanta Das

The microeconomics and financial landscape has deteriorated in some areas: RBI Governor Shaktikanta Das

Reserve Bank of India has been very proactive. Have been coming out with announcements: Governor Shaktikanta Das