The Economic distress because of the pandemic is beyond doubt. And it is commendable that RBI is addressing the issue head-on and continually telling that they will keep looking at the data and take action proactively to reduce the stress in the Economy as the situation develops in the next few months.
It was heartening to see that RBI is taking a lot of concrete actions to ensure that the liquidity in the banking system is utilized for the purpose of lending to the corporate sector. RBI has also been addressing the concerns of the NBFC sector. The allocation of Rs 50,000 crore dedicated towards TLTRO of NBFC’s should also boost investor sentiments. This amount has to invested in Bonds, CP, NCD of NBFCs, with about 50% earmarked for the small and mid-sized NBFCs. This should ease the liquidity requirement of the smaller NBFC houses. Given the state of affairs of the economy they were the once having funding issues and the current corpus should make liquidity easily available for them.
The Liquidity boosting measures announced by the RBI on the back of positive global cues boosted the markets today despite profit booking seen in afternoon trade. Financials led the charge today and several heavy weights joined the party as the day progressed in anticipation of a Stimulus Package.
Stock cash tips , Equity tips , MCX tips
https://youtu.be/izJlDhpEYx4
It was heartening to see that RBI is taking a lot of concrete actions to ensure that the liquidity in the banking system is utilized for the purpose of lending to the corporate sector. RBI has also been addressing the concerns of the NBFC sector. The allocation of Rs 50,000 crore dedicated towards TLTRO of NBFC’s should also boost investor sentiments. This amount has to invested in Bonds, CP, NCD of NBFCs, with about 50% earmarked for the small and mid-sized NBFCs. This should ease the liquidity requirement of the smaller NBFC houses. Given the state of affairs of the economy they were the once having funding issues and the current corpus should make liquidity easily available for them.
The Liquidity boosting measures announced by the RBI on the back of positive global cues boosted the markets today despite profit booking seen in afternoon trade. Financials led the charge today and several heavy weights joined the party as the day progressed in anticipation of a Stimulus Package.
Stock cash tips , Equity tips , MCX tips
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