The target is the Reserve Bank of the big announcement, with a GDP of 5.4% of GDP in 2022


BanglaHunt Desk: Reserve Bank of India has announced a number of major announcements to revive the country's economy in the second phase of lockdown across the country. According to the IMF estimates, the country's GDP growth is likely to be 7.7 percent in fiscal year 2022 after the coronary virus crisis in India. The RBI is trying to push the country's economy forward for that purpose, it seems likely after the announcement. Find out what the top bank has announced.

Top banks have decided to reduce reverse repo rate. The bank reduced the reverse repo rate by 0.25 percent. After this reduction, the reverse repo rate has dropped from 7 percent to 7.75 percent. RBI Governor Shaktikanta Das said the decision is for banks to 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 the NPA would not be calculated in the lockdown situation

TLTRO-2 will start from Tk 4 billion. NBF will receive a fund of Tk 10 billion from TBTRO. 50% of TLTRO-2 funding 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 resolve the debt accounts.

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