BanglaHunt Desk: Corona has already caused huge damage to the country's economy. Small and medium businesses have suffered the most. This time Bondhan Bank gave the news of relief. In the lockdown, they have promised to give loans to small traders in compliance with government rules. Bondan Bank's banking services have been open since the lockdown, but micro-lending services have been shut down. The service will be provided in the green zone identified by the central government.
The service has been announced in West Bengal, Assam, Bihar, Jharkhand, Uttar Pradesh, Orissa, Haryana and Rajasthan. The bank has said that it will be introduced in other states as per government directives. The bank has also requested customers to take necessary precautions and comply with the government guidelines.
The country has already made a number of announcements to revive and renew the country's banks,
Top banks have decided to reduce reverse repo rate. The bank reduced the reverse repo rate by 0.25 percent. Following this decline, the retro repo rate has fallen from 4 percent to 3.75 percent. RBI Governor Shaktikant Das said the decision was made so that banks could lend more.
The top banks have decided to give Tk 20,000 crore to NABARD, Tk 5,000 crore to CIDBI and Tk 1,000 crore to Housing Finance Bank for the growth of the economy. This will eliminate the cash shortages of NBFCs, MSMEs, real estate.
The governor of RBI granted banks 90 days relief under NPA rules. He also said that NPA will not be counted in case of lockdown
TLTRO-2 will start from Tk 4 billion. NBF will get Rs 10,000 crore from TBTRO. 50% of TLTRO-2 funds will go to small and medium NBFCs.
Also, banks will not declare dividends until further notice.
An additional 20 percent will have to be supplied by the scheduled commercial banks and other financial institutions. Time will be given to settle the loan accounts.
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