RBI announces regulatory, developmental measures for micro-economic conditions in wake of COVID-19

RBI announces regulatory, developmental measures for micro-economic conditions in wake of COVID-19

While media brief, RBI Governor Shaktikanta Das said, "With COVID-19 infections rising under fragile micro-economic and financial conditions, we propose to take regulatory and developmental measures - enhance liquidity support for financial markets, ease financial stress caused by COVID-19 while strengthening credit discipline improve the flow of credit, to deepen digital payment systems and facilitate innovations by leveraging technology."