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In Pics | From deferring EMIs to 75 bps rate cut, here are the key measures taken by RBI

Here are key takeaways from RBI’s press conference
Mar 27, 2020 / 03:55 PM IST
On March 27, Reserve Bank of India (RBI) Governor Shaktikanta Das announced a massive 75 basis points cut in repo rates as a measure to counter the economic slowdown caused by the COVID-19 pandemic. Here are key takeaways from RBI’s press conference. (Image: PTI)
On March 27, Reserve Bank of India (RBI) Governor Shaktikanta Das announced a massive 75 basis points cut in repo rates as a measure to counter the economic slowdown caused by the COVID-19 pandemic. Here are key takeaways from RBI’s press conference. (Image: PTI)
Slashed repo rate by 75 basis points cut to 4.40 percent. (Image: PTI)
Slashed repo rate by 75 basis points cut to 4.40 percent. (Image: PTI)
Reverse repo rate has been reduced by 90 basis points to 4.4 percent. (Image: Gettyimages)
Reverse repo rate has been reduced by 90 basis points to 4.4 percent. (Image: Gettyimages)
Liquidity adjustment facility cut by 90 basis points to 4 percent. (Image: PTI)
Liquidity adjustment facility cut by 90 basis points to 4 percent. (Image: PTI)
Cash Reserve Ratio (CRR) for all banks cut by 100 basis points to 3 percent of net demand and time liabilities (NDTL). (Image: PTI)
Cash Reserve Ratio (CRR) for all banks cut by 100 basis points to 3 percent of net demand and time liabilities (NDTL). (Image: PTI)
Three-month moratorium has been announced on payments of instalments of loans outstanding as of March 1
Three-month moratorium has been announced on payments of instalments of loans outstanding as of March 1
Banks are allowed to restructure the working capital cycle for companies without worrying about it to be classified as NPA. (Image: PTI)
Banks are allowed to restructure the working capital cycle for companies without worrying about it to be classified as NPA. (Image: PTI)
All measures will result in total liquidity injection of Rs 3.74 lakh crore to system. (Image: Reuters)
All measures will result in total liquidity injection of Rs 3.74 lakh crore to system. (Image: Reuters)
Priority is to undertake strong and purposeful action to protect domestic economy.
Priority is to undertake strong and purposeful action to protect domestic economy.
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