India covid-19 Waves India

RBI governor tells state-owned banks to implement covid reliefs

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₹50,000 crore to support healthcare infrastructure and a special three-year special long-term repo operation (SLTRO) of ₹10,000 crore for small finance banks (SFBs).Stepping in to rescue and small business borrowers with loans of up to ₹25 crore, the regulator also allowed lenders to restructure their debt and offer some respite from the stress induced by the second wave of the covid-19 pandemic.Eligible categories would include consumer credit, education loan, loans given for creation or enhancement of immovable assets like housing, and loans for investment in financial assets like shares and debentures.

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