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Below are Views On the announcement by RBI Governor earlier today by Mr. Dhiraj Relli, MD &CEO, HDFC Securities

“The RBI Governor's announcement did not include blanket moratorium and hence some of these fears did not come out to be true and Banking stocks did not sell-off. Small businesses and MSME borrowers have been given a chance to extend their payment schedules. Rs.50000 cr term liquidity for healthcare sector is welcome but unlikely to benefit many listed players. Overall the street may be disappointed with the financial impact of the announcement but given the scale of the pandemic, we can expect more such announcements going forward. Overall a welcome proactive move by the RBI, though yeh dil mange more...”

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