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Today`s RBI governor`s announcement by Mr. Nish Bhatt, Millwood Kane International
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Below are Perspective on Today's RBI governor's announcement by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
The RBI has always been ahead of the curve, additional relief and liquidity measures were required post the second wave of COVID19 cases that broke out in April. The measures announced will support the funding requirements of the healthcare, medical facilities, beef-up vaccine manufacturing for domestic inoculation. MSMEs and individuals borrowers will benefit from the extension in the moratorium. The RBI's intent to take further measures if need be to provide relief, focus on the post-COVID future will send the right signal for the markets.
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