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Below are Perspective on Today's RBI governor's announcement from Mr. Vikash Khandelwal, CEO, Eqaro Surety Private Limited

“Announcement from the RBI Governor comes in at a time when the second wave of the pandemic is negatively impacting economic activities and threatens to derail the recovery witnessed in Q1CY21. Maintaining its stance of providing monetary support, the RBI Governor announced measures to support healthcare infrastructure, protecting the interests of small businesses, individual borrowers, and safeguarding the macro-economic fundamentals. The step to categorize Small Finance Banks’ on-lending to Micro Finance Institutions (MFIs) as priority sector lending will ensure liquidity for small businesses.

Overall the measures announced by the central bank are proactive and will ensure funds for vaccine makers, diagnostics and healthcare companies, MSMEs, and further relief for individual borrowers." The RBI has announced measures targeted at channelizing operations at the grassroots level benefitting a wide range of industries.”

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