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Today`s RBI Announcement By Joseph Thomas, Emkay Wealth Management
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Below are Views On Today’s RBI Announcement By Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
“The three year facility, which the banks can advance, to the of Rs. 50,000 Crs, is a good measure to immediately help ramp up medical and healthcare facilities. The benefits of this will help enhance capacity for the longer term as it covers diagnostic, preventive as well as combative aspects of healthcare. The smaller entities like micro finance institutions also benefit from the current package, which will bring some relief to them too which is one of the worst affected sectors as of now.”
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